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
Arkansas and Mississippi Storm Victims Get Tax Deadline Extension to July 31
This means eligible taxpayers will have until July 31 to file and pay tax returns, as well as to make 2022 contributions to their IRAs and health savings accounts.
Busy Season Survival Secret? CRM!
The right CRM platform secures client aspects beyond contact data: purchase history, previous questions and communications, lifetime value, financials, and demographics...
New Tax Relief for Emergency Expenses
Beginning in 2024, employers may allow plan participants to use a special emergency savings account. This “sidecar account” is capped at $2,500.
New Law Revamps Retirement Saver’s Credit
Expect some guidance from the IRS before the change takes effect. In the meantime, continue to take the old rules in account for retirement planning and tax purposes.
Misclassification of Expenses at Heart of Trump Indictment
Former President Donald Trump was indicted Thursday by a Manhattan grand jury.
AICPA Proposes Operational Plan for Resources Included in Inflation Reduction Act
The AICPA issues its position on the Internal Revenue Service’s (IRS) upcoming operational plan for the $80 billion appropriation provided to the IRS through the Inflation Reduction Act.
AICPA Requests IRS Broaden Relief and Lookback Period for All Disasters
The National Taxpayer Advocate identified this issue as part of its Annual Report to Congress, or Purple Book, highlighting the need for particular attention.
Sam Bankman-Fried Charged for Bribing Chinese Officials
Sam Bankman-Fried was charged with bribing Chinese officials, adding a new dimension to the U.S. government’s case against the FTX co-founder.