Income Tax
Latest News
Review of HubSync – The Accounting Technology Lab Podcast – Nov. 2024
FASB Issues Standard on Induced Conversions of Convertible Debt Instruments
IRS Announces National Tax Security Awareness Week Starts on Dec. 2
Deloitte Predicts Record-High Black Friday and Cyber Monday Spending
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.
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.
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.
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.
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.
Longtime Trump Org CFO Gets 5-Month Sentence for Tax Fraud
Allen Weisselberg, 75, admitted to receiving more than $1.7 million in off-the-books perks over 15 years.
New GOP Congress Passes Bill Erasing $71 Billion of IRS Funding
Those who supported the original funding bill say the increase will help the agency increase collections on existing tax laws, and therefore increase revenue, by ...
Two North Carolina Tax Preparers Sentenced to 5 Years in Prison
These returns included fictitious federal income tax withholding figures as well as other fraudulent items that generated fraudulent refunds for the clients.