Income Tax
Latest News
IRS Updates Clean Vehicle Tax Credit FAQs
Wolters Kluwer Acquires European Tech Portfolio, Including CodaBox, ClearFacts, Clearnox, Zoomit, and Flowin
IRS Chief Receives NATP’s Inaugural Vanguard Award
Growth Seen in Pilot Program that Reduces Barriers to Finishing CPA Licensure Education Requirement
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The Tax Blotter – Jan. 20, 2023
The tax law provides generous tax breaks to investors in real estate, but there are several key tax pitfalls to watch out for.
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As U.S. Hits Debt Limit, Treasury Starts “Special Measures”
The Treasury Department is beginning the use of special measures to avoid a U.S. payments default, after the federal debt limit was reached Thursday.
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Trump Companies Fined $1.6 Million for Tax Fraud Conviction
Trump Corporation and Trump Payroll Corporation were sentenced on Friday to pay the hefty sum.
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Michigan Expects $9B Budget Surplus, May Cut Income Taxes
State treasury officials estimate Michigan government will see a $9.2 billion surplus at the end of this fiscal year, increasing the likelihood that all that cash could trigger a permanent cut in the state income tax.
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Texas Tax Preparer Guilty of PPP Fraud and Tax Conspiracy
As a manager, Loyd personally instructed some of her co-conspirators how to prepare false tax returns.
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IRS Says 2023 Filing Season to Start on Jan. 23
The IRS is expecting more than 168 million individual tax returns to be filed this year, most coming before April 18.
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Q1 Quarterly Estimated Tax Payments Due Jan. 17, 2023
Fourth quarter 2022 estimated tax payments are due on or before January 17, 2023. Many taxpayers are required to make quarterly estimated tax payments during the year, and others do so voluntarily to stay current on their taxes.
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IRS to Start 2023 Filing Season in Better Shape, National Taxpayer Advocate Says
“We have begun to see the light at the end of the tunnel,” Erin Collins wrote in her latest report to Congress.