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Starting in 2025, the IRS Will Accept Duplicate Dependent Returns With an IP PIN
House Tax-Exempt Crackdown Bill Passes Despite Democrat Defections
Retailers Tell Senate Credit Card ‘Swipe’ Fees are ‘Adding Inflationary Pressure to the U.S. Economy’
The Top Toys and Gifts for the 2025 Christmas and Holiday Season
IRS disbars CPA for Circular 230 Violations, including false statements and unconscionable fees
The Internal Revenue Service today announced that its Office of Professional Responsibility (OPR) obtained the disbarment of Certified Public Accountant Anthony A. Tiongson for charging unconscionable fees, giving irresponsible advice to clients and making false statements to federal and state authorities, among other things.
Licensing Tax Preparers: It’s necessary, and it’s going to happen soon
More than half of all tax returns filed with the Internal Revenue Service are prepared by professionals. That’s a substantial number of returns, so it is sad to see the number of preparers who make significant errors.
End of Tax Season Update: IRS receives fewer returns, refunds down, errors with EITC abundant
Every tax professional, most small business owners and a good number of other taxpaying Americans know that last-minute changes to the tax code this year resulted in a delayed tax filing season.
No surprise: Small businesses say complex taxes are their biggest problem
Complexity and inconsistency within the tax code continue to be a major problem for small businesses, and one-in-four report spending 120 hours or more per year on the administration of federal taxes—three full work weeks!
Sales taxes on services back in discussion in Minnesota, but excluding accounting and legal services
Less than a month after Gov. Mark Dayton dropped his plans for a comprehensive overhaul of the state's tax system, Senate DFLers unveiled a plan Thursday, April 11, to make big changes in sales and corporate taxes.
ID Theft and Tax Fraud Prevention Act proposed to protect taxpayers
The U.S. Senate Special Committee on Aging on Wednesday will delve into ways to combat one of the fastest growing scams - identity thieves claiming other people's refunds.
Licensing Tax Preparers: It’s necessary, and it’s going to happen soon
More than half of all tax returns filed with the Internal Revenue Service are prepared by professionals. That’s a substantial number of returns, so it is sad to see the number of preparers who make significant errors.
States increasing watch for fraud on income tax returns
To fight a growing problem of tax fraud, state authorities are flagging more tax returns as possibly fraudulent, part of a problem that tax authorities across the country are fighting.