Income Tax
Latest News
IRS to Host Virtual Focus Groups on the Business Tax Account Online Tool
GASB Proposes Guidance on Subsequent Events
FASB Issues Post-Implementation Review Report for Its Revenue Recognition Standard
Newsom: California Will Offer EV Rebates if Trump Cuts Federal Tax Credit
Five Benefits of Hiring Your Spouse
When you officially add your spouse to the company payroll, they are taxed on the compensation, but are also eligible for benefits just like any other employee.
2023 IRS Tax Refund Calendar – When Will You Get Your Refund?
The IRS says most e-filed tax refunds are direct deposited into taxpayer bank accounts in as little as 10 days, so why pay to get your refund?
Indiana Owner of D.C.-area Tax Preparation Business Pleads Guilty to Tax Refund Fraud Scheme
From 2012 through 2016, Tedla and her coconspirators prepared and electronically filed with the IRS fraudulent returns on behalf of clients and illegally-obtained identities of unwitting taxpayers
Justice Department Continues Efforts to Stop Fraudulent Tax 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.
IRS Revises Form 8940, Request for Miscellaneous Determination
Beginning April 3, 2023, the IRS will make available the electronic version of the Form 8940 that exempt organizations use to make miscellaneous determination requests online at Pay.gov.
Can’t File Your Taxes Yet? Anyone Can Get an Extension – Here’s How
Anyone can request an automatic six-month extension to file. An extension allows for extra time to gather, prepare and file paperwork with the IRS.
National Taxpayer Advocate Finds Hope in IRS Plan
She also shares hope that with long-term funding and prudent management, there is light at the end of the tunnel for taxpayers and practitioners who have experienced problems.
IRS 10-Year Strategic Operating Plan Includes Major Changes and Goals: Improved Service, Digital Transformation
As the IRS begins implementation of this plan, the agency will work with the public, partners and oversight groups to ensure the transformation work meets the needs of taxpayers and the nation.