IRS
Latest News
FASB Seeks Comment on Financial KPIs
N.Y. Congressman Requests Trump’s Support For Tax Cap Elimination
AICPA News – Nov. 2024
Chicago Aldermen Give Mayor Brandon Johnson’s $300M Property Tax Plan the Boot
IRS Finds 79 Criminal Fugitives in Central America in First Year of New Program
Eight of those fugitives have been apprehended to face criminal proceedings or sentences.
October FBAR Extension Deadline is Fast Approaching
Filers who missed the April 15 due date received an automatic extension until Oct. 15, 2022, to file the FBAR.
IRS Employees Face Prison Time for Defrauding COVID-19 Relief Programs
The five people charged allegedly used PPP or EIDL funding to buy cars, luxury goods, and for personal travel.
IRS Warns of Huge Increase in Scam Texts
So far in 2022, the IRS has identified and reported thousands of fraudulent domains tied to multiple MMS/SMS/text scams (known as smishing) targeting taxpayers.
Hurricane Ian Victims Granted Tax Extensions
Hurricane Ian victims throughout Florida now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments.
IRS Increases Per Diem Rates
For lower-cost locations of business travel, the daily per diem rate will be $204. The high rate will be $297.
The IRS Botched Lots of Child Tax Credit Payments, Audit Finds
Millions of ineligible people received payments, while millions of eligible taxpayers did not get their money.
Who Actually Qualifies for the Employee Retention Credit?
Even companies that have claimed the ERC may want to review their documentation of qualification for the credit.