Income Tax
Latest News
FASB Seeks Comment on Financial KPIs
N.Y. Congressman Requests Trump’s Support For Tax Cap Elimination
AICPA News – Nov. 2024
Chicago Aldermen Give Mayor Brandon Johnson’s $300M Property Tax Plan the Boot
AICPA Says $600 Threshold for 1099-K Reporting is Too Low and Outdated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.
Intuit Accountants Releases 2022 Taxpayer Insights & Intelligence Brief
The study provided a holistic view of a taxpayer’s experience when working with a tax professional to gain insights into their expectations and service needs.
Why Donald Trump Wasn’t Charged in New York Criminal Tax Probe
While Trump himself wasn’t charged, prosecutors argued at trial that he “explicitly sanctioned tax fraud.”