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IRS ‘Get Ready’ Campaign Helps Taxpayers Prepare for Filing Season
Trump Nominates Hedge Fund Exec Bessent to Lead Treasury Department
The Top Toys and Gifts for the 2025 Christmas and Holiday Season
Professionals on the Move – Nov. 2024
AICPA Endorses Legislation to Simplify Tax Filing Extension Process
The American Institute of CPAs (AICPA) has endorsed bipartisan legislation introduced by Representatives Judy Chu (D-CA) and Mike Carey (R-OH) to simplify the tax filing extension process.
IRS Has Done a Better Job Nipping Tax ID Theft in the Bud This Filing Season
As of March 2, the IRS flagged 1.1 million tax returns with $6.3 billion in refunds for potential identity fraud, said TIGTA in a new report.
No Change in IRS Interest Rates for Q3 2023
Beginning on July 1, the rate for overpayments and underpayments for individuals will be 7% per year, compounded daily.
AICPA Submits Suggestions for the 2023-2024 Guidance Priority List
As the IRS plans to prioritize providing additional guidance as stated in the IRS Strategic Operating Plan, the AICPA encourages the IRS to issue guidance on recommended areas.
Modernizing Dated Systems: What the IRS Can Learn from the Latvian Government
What if the IRS was more digitized? Well, they’re trying to do just that.
Senators Introduce Bipartisan Tax Fix Legislation for Online Sellers
Sens. Sherrod Brown and Bill Cassidy want to raise from $600 to $10,000 the sales threshold that would trigger 1099-K forms.
IRS Is Developing Its Own Free Tax Preparation System
The agency said on Tuesday it is taking steps to test out an IRS-run e-filing system called “Direct File” starting next year.
IRS Bumps Up HSA Contribution Limits for 2024
The new inflation-adjusted amounts mean employees will be able to put more money in their HSAs next year than this year.