IRS
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AICPA Offers Comments to IRS on Domestic Content Bonus Credit Requirements
CBIZ Reaches Deal to Acquire Fellow Top 15 Firm Marcum
Professionals on the Move – July 2024
Washington State Considers Creating a Retail Delivery Fee
Report Says IRS Has Gotten Better at Processing Political Tax-Exemption Applications
The Internal Revenue Service (IRS) has taken significant actions to improve the processing of tax-exempt applications involving political intervention, according to a new report from the Treasury Inspector General for Tax Administration (TIGTA).
Business Tax Reform is Urgent, AICPA Tells Congress
The American Institute of CPAs (AICPA) has sent written testimony to Congress saying the need for small business tax reform is urgent.
AICPA Urges IRS to Increase Safe Harbor Threshold
AICPA says the de minimis safe harbor threshold amount under the tangible property regulations for small business taxpayers without an applicable financial statement (AFS) be increased from $500 to $2,500.
IRS Takes Average of 278 Days to Resolve Identity Theft Cases, and That’s an Improvement Over 2013
Victims of identity theft continue to experience delays and errors in receiving refunds, according to a report publicly released today by the Treasury Inspector General for Tax Administration (TIGTA).
Report: IRS Depended More on Technology During 2015 Filing Season than Previous Years
The filing season, defined as the period from January 1 through mid-April, is critical for the IRS because it is during this time that most individuals file their income tax returns and contact the IRS if they have questions about specific laws or filing
For Taxpayers Who Missed the April 15 Deadline, Here’s What To Do
So, what can a taxpayer do if they didn't file in time, but they also don't want to keep their head buried in the sand? For most Americans who are owed a tax refund by the IRS, there's no need to panic. The tax agency doesn't assess penalties when a ...
Hey Millennials: What Are You Doing With Your Tax Refund?
Millennials are about to get millions of dollars from the IRS. What they plan on doing with it may tell us whether they will be the frugal types they are sometimes credited with, or will follow in the free-spending footsteps of the generation before them.
Here’s What the IRS Does to People Who Fudge the Truth on Charitable Donations
Court nullifies $37,000 deduction for donations of used property to charities, then adds 20% penalty.