Taxes January 8, 2025
The early availability of the IRS Free File online systems will allow taxpayers to prepare and file their returns before the IRS officially starts accepting them, but they will then be already electronically in line when processing begins.
January 8, 2025
January 7, 2025
Taxes October 6, 2023
Among the items now stalled are negotiations to restore tax breaks for business spending on research and development.
Accounting October 6, 2023
McConney admitted he previously testified under oath that he knew he was breaking the law. He claimed he feared being fired if he resisted Weisselberg’s demands.
Taxes October 6, 2023
The consumer discount is one of the significant changes to electric vehicle tax credits implemented under the Inflation Reduction Act.
Taxes October 5, 2023
According to a report, former New York City mayor Rudolph Giuliani owes $549,435.26 in unpaid taxes and, as a result, the agency has placed a tax lien on a condo he owns in south Florida.
Taxes October 5, 2023
Taxpayers, particularly wealthy filers, were warned Thursday about scams involving exaggerated art donation deductions.
Taxes October 3, 2023
There are a myriad of challenges and changes in the tax codes affecting their business clients each tax season.
Taxes October 2, 2023
New additions to Tax Pro Account, available through IRS.gov, will help practitioners manage their active client authorizations on file with the Centralized Authorization File (CAF) database.
Taxes September 30, 2023
The Senate overwhelmingly passed bipartisan legislation Saturday to avoid a disruptive U.S. government shutdown, sending the bill to President Joe Biden for his expected signature just hours before a midnight deadline.
Accounting September 30, 2023
The latest House stopgap bill passed with the support of 126 Republicans, while 90 GOP lawmakers voted “no.” Only one Democrat, Rep. Mike Quigley, D-Ill., opposed it, over the omission of Ukraine aid.
Taxes September 29, 2023
Spanish prosecutors claim she failed to pay $7.1 million in taxes in 2018 and is using an offshore company to avoid paying taxes.
Taxes September 29, 2023
Contingency plan calls for the IRS to furlough two-thirds of its workforce and press pause on most core tax administration functions.
Taxes September 28, 2023
The letter goes on to express concern that an October shutdown of the government will likely impact the timely processing of extended 2022 tax returns due by Oct 16, 2023.