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Professionals on the Move – Nov. 2024
Top Hyundai Exec Says EVs Are ‘the Future’ Even if Trump Kills Tax Credit
3 Reasons to Involve Your Children in Small Business Saturday
Review of Blue J – The Accounting Technology Lab Podcast – Nov. 2024
Trump Tax Leaker Acted Out of ‘Deep, Moral Belief,’ Judge Told
Charles Littlejohn, 38, pleaded guilty Oct. 12 to stealing Donald Trump’s tax data from the IRS and leaking it to The New York Times.
IRS System Upgrades Delay E-Filing for Some Tax-Exempt Organizations
The IRS said on Thursday that tax-exempt groups won't be able to e-file Form 990-T or Form 1120-POL until March 17.
IRS Pauses Reporting Requirement on Some Digital Assets Pending New Regulations
Treasury and the IRS intend to issue proposed regulations to provide additional information and procedures for reporting the receipt of digital assets.
IRS Provides Initial Guidance on Employee PLESAs
IRS Notice 2024-22 provides employers insight on the anti-abuse rules regarding pension-linked emergency savings accounts.
Government Shutdown Could Cause Havoc for Tax Season
According to IRS Commissioner Danny Werfel, the agency could still maintain some operations, depending on the length of a government shutdown.
Colorado’s TABOR Refunds Won’t Be Taxed By the IRS
According to two elected officials, Coloradans won't have to pay federal income taxes on their state refunds this filing season.
Taxpayer Advocate Delivers Annual Report to Congress, Identifies Top 10 Problems with Agency
The report credits the Internal Revenue Service with substantially improving taxpayer services and developing plans to transform the taxpayer experience in the coming years, but it identifies paper processing as an area of continuing weakness.
Long IRS Delays in Assisting Identity Theft Victims Are ‘Unconscionable,’ National Taxpayer Advocate Says
Nearly 500,000 taxpayers with cases pending at the IRS waited almost 19 months for their identity theft issues to be resolved.