Income Tax
Latest News
Taxbit Unveils New Global Tax Reporting Platform
April Launches New Tax Filing Solution to Tackle Complex Financial Situations
Sovos Introduces 1099 Professional For SMBs
Vero AI Launches Iris GRC
Trump Tax Cuts Were Neither Panacea Nor Rip-Off
While the cuts yielded benefits to Americans up and down the income scale, the benefits could best be described as modest.
Feds Cracking Down on Unlawful Tax Return Preparers
Unscrupulous preparers who include errors or false information on a tax return could leave a taxpayer open to liability for unpaid taxes, penalties and interest.
COUNTERPOINT: IRS Should Not Be Trusted With Direct File
Despite its recent trendiness in certain circles, Direct File has little potential for good—and much for bad.
POINT: IRS Direct File Simplifies Doing Taxes, Saves Money
The new IRS Direct File tool represents government at its best: saving families time and money.
IRS Proposes Regs For Stock Repurchase Excise Tax
The new guidance pertains to the Inflation Reduction Act's 1% excise tax owed on corporate stock repurchases or buybacks.
IRS Warns of ‘Wildly Inaccurate Tax Advice’ on Social Media
When it comes to taxes, misleading information on social media can lead to financial or even legal problems, the IRS said.
IRS Adds Security Steps For Tax Pros to Receive Transcripts
The IRS told tax professionals last week it’s making changes that will impact how practitioners obtain a client's tax transcripts.
How the 50 States Rank By Tax Burden
Residents of New York state are burdened by taxes the most, while Alaska residents have the lowest tax burden, a WalletHub study found.