Income Tax
Latest News
IRS Updates Clean Vehicle Tax Credit FAQs
Ex-EY Executive to Take Over as Global CEO for Law Firm Dentons
Wolters Kluwer Acquires European Tech Portfolio, Including CodaBox, ClearFacts, Clearnox, Zoomit, and Flowin
IRS Chief Receives NATP’s Inaugural Vanguard Award
IRS Puts Out Guidance on New Sustainable Aviation Fuel Credit
It applies to a qualified fuel mixture containing sustainable aviation fuel for sales or uses in calendar years 2023 and 2024.
Sam Bankman-Fried Prepared to Be Extradited to U.S. as Soon as Monday
The disgraced FTX co-founder is expected to disclose in court today that he won’t fight extradition.
AICPA Says $600 Threshold for 1099-K Reporting is Too Low and Outdated
The $600 threshold is based on a threshold established by the Internal Revenue Code section 6041 established in 1954 and does not account for increases in ...
House Ways and Means to Review Trump Tax Returns on Dec. 20
The meeting will be held in the panel’s hearing room at 3 p.m. Eastern time on Tuesday.
What’s Next for the IRS?
Tax experts sound off on the funding the IRS will get from Congress and what it could mean for the 2023 tax season.
Majority of Small Business Owners Don’t Have the Resources to Handle Tax Credits
A recent survey revealed that 63% of decision-makers do not know if they are eligible to claim the ERC.
Trump Organization Found in Criminal Contempt in Tax Fraud Case
A New York judge said the company “willfully disobeyed” his orders to comply with grand jury subpoenas.
FTX Founder Sam Bankman-Fried Charged with ‘One of the Biggest Financial Frauds in American History’: Feds
He is accused in parallel criminal and civil complaints of orchestrating a yearslong fraud causing billions in losses.