IRS January 22, 2025
Melanie Lauridsen, AICPA vice president of tax policy and advocacy, wrote on LinkedIn Tuesday that President Donald Trump's executive order halting the hiring of federal workers poses "no concern" to the IRS as the agency has already brought seasonal workers aboard for the 2025 tax season, which begins on Jan. 27.
January 21, 2025
January 21, 2025
Taxes October 11, 2024
Because of hurricanes Debby, Helene, and Milton, affected taxpayers have until May 2025 to file returns and make tax payments.
Taxes October 11, 2024
The projected gross tax gap for 2022 is down $12 billion from a revised 2021 tax gap of $708 billion, the agency said Oct. 10.
Taxes October 9, 2024
The AICPA highlighted several areas of concern in the proposed regulations from the Treasury Department and the IRS.
IRS October 8, 2024
In addition, the Treasury Department and the IRS announced a delayed applicability date for related final 401(k) regulations.
Taxes October 8, 2024
Crucial tax relief opportunities may be available to those affected by recent natural disasters, such as Hurricane Helene.
Taxes October 8, 2024
During discussions with Treasury, tribes had requested rules on the federal tax classification of entities owned by tribes.
Taxes October 8, 2024
Known to benefit real estate developers, here’s how to redeploy these tax incentives to grow new businesses and boost employment.
Taxes October 7, 2024
Federal officials have announced tax relief for people and businesses in the Yakama Nation affected by wildfires that began June 22.
Taxes October 4, 2024
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.
Taxes October 4, 2024
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.
Taxes October 1, 2024
The entire states of Alabama, Georgia, and the Carolinas, as well as parts of Florida, Tennessee, and Virginia, qualify for tax relief.
Taxes October 1, 2024
The purpose of Form 7217, new for tax year 2024, is to report all distribution of property that a partner receives from a partnership.