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Taxbit Unveils New Global Tax Reporting Platform
April Launches New Tax Filing Solution to Tackle Complex Financial Situations
Sovos Introduces 1099 Professional For SMBs
Vero AI Launches Iris GRC
Pros and Cons of the “Kiddie Tax”
If you’re not careful, this often-misunderstood tax provision can result in a sizeable income tax liability for the family.
Maryland Digital Ad Tax Case Leaves States in Limbo, But Digital Taxes Aren’t Going Away
Businesses should be aware that as states become more fiscally creative, there will be more tax complexities and a bigger burden as the patchwork of regulations across the country get sorted out...
AICPA Makes Recommendations on Improving IRS Appeals
The AICPA believes that it is important that all taxpayers have convenient accessibility to an Appeals conference if they choose to do so.
IRS Ends Unannounced Visits by Agents
Effective immediately, unannounced visits will end except in a few unique circumstances and will be replaced with mailed letters to schedule meetings.
Colorado Businessman Gets 15 Months for $737K Employment Tax Evasion
A Colorado man has been sentenced to 15 months in prison for evading the payment of more than $700,000 in employment taxes he owed to the IRS.
Bipartisan House Efforts on Child Tax Credit Start to Take Shape
The Problem Solvers Caucus, a group of GOP and Democratic lawmakers, plans to work on issues associated with the credit.
Tax Issues When Selling a House After a Divorce
What are the tax consequences regarding a home sale if you and your spouse split up or divorce?
Taxpayers Warned About Frivolous Tax Claims
A frivolous claim is one that is used to support an unreasonable entry on your returns or the failure to file a return. Numerous such claims have been shot down by the IRS, as well as the courts, in recent years.