Taxes

The agency said on Tuesday it is taking steps to test out an IRS-run e-filing system called “Direct File” starting next year.

A debt default would almost certainly mean severe disruption for the economy, with the ripple effects taking their toll on the housing market.

Expect to see a bigger push for digital automation. This is not a new phenomenon — but rather one that will be recognized for the true advantage it brings. 

The new inflation-adjusted amounts mean employees will be able to put more money in their HSAs next year than this year.

When it comes to managing excise tax compliance, many energy and fuel businesses are burning the midnight oil to keep up. 

Deena Vang Lee, a former IRS employee in Fresno, CA, and private tax preparer, received four years and six months in prison.

South Dakota’s state sales and use tax rate will drop from 4.5% to 4.2% starting July 1, 2023.

A personal property rendition is a report that lists all business assets (personal property) that are subject to personal property tax, which is typically all tangible personal property unless a specific exemption applies.