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Avalara Unveils Intelligent Tax Content Solution for Lodging and Hospitality
Survey: Over Half of Accounting Firms Plan to Increase Fees in 2025
Andersen Advances Global Valuation Practice in 10 Asia Pacific Countries
81% of Business Owners Have Some Optimism for 2025 Economic Outlook
IRS Expands Free File to 24 States
For the 2025 tax filing season, eligible taxpayers in 24 states will be able to use Direct File: 12 states that were part of the pilot last year, plus 12 new states where Direct File will be available in the upcoming filing season.
IT Best Practices Checklist to Follow IRS Guidelines When Offshoring Accounting Staff
Firms must consider tax compliance when offshoring accounting staff. The IRS has issued several guidelines and regulations that affect the tax implications of offshoring accounting activities.
IRS Extends Tax Deadlines Until May For Helene Victims
The entire states of Alabama, Georgia, and the Carolinas, as well as parts of Florida, Tennessee, and Virginia, qualify for tax relief.
IRS Draft Form 7217 Ready For Public Comment
The purpose of Form 7217, new for tax year 2024, is to report all distribution of property that a partner receives from a partnership.
IRS Looks to Improve Communication With Large Corporations During the Appeals Process
The agency is piloting a program that would make contacting IRS Appeals easier for large businesses with multiple representatives.
IRS Reveals New Process For Third-Party Payers to Fix Erroneous ERC Claims
Third-party payers that filed prior ERC claims for multiple clients now have a way to "withdraw" those claims for clients that didn't qualify.
Attorney Flagged for Tax Evasion in New Case
In his efforts to evade tax liability, this attorney from Missouri committed multiple fraudulent acts, for which he was found guilty.
IRS Revises FAQs on Premium Tax Credit
The agency updated a section in its fact sheet about the refundable credit, which helps some taxpayers afford health insurance premiums.