Taxes
Latest News
IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
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IRS Bolsters Digital Scanning Abilities
The IRS has scanned more than 120,000 paper forms 940 since the start of this year as part of its new Digital Intake initiative.
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Notable Tax Proposals in Biden’s 2024 Budget
President Biden’s FY 2024 budget—released today—proposes several tax changes aimed at wealthier taxpayers.
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FBAR Update: Recent Changes to Reporting Assets Held Outside U.S.
Americans with a financial interest in or signature authority over a foreign financial account are required to file an FBAR if the aggregate value of all foreign accounts is more than $10,000.
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Feds Charge 7 with $110 Million Tax Refund ID Theft Scheme
Charged with a conspiracy to claim $111 million in tax refunds using the stolen identities of accountants and taxpayers by filing at least 371 false tax returns.
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New Incentives for Qualified Charitable Distributions
The new law enhances the benefits of making “qualified charitable distributions” (QCDs) from a taxpayer's IRAs.
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A Last-Minute Way to Increase a Tax Refund or Lower Your Tax Bill
Tax season may be in full swing, but there’s still time to make a smart money move that often goes overlooked by taxpayers.
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Here is What Daniel Werfel Said to IRS Employees During His First Day as Commissioner
Werfel was sworn in Monday as the 50th commissioner in the history of the IRS.
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Secure 2.0 Offers New Tax Incentives for Small Business Retirement Plans
The credit is for businesses with up to 100 employees, but the credit is reduced by 2% per employee over 50 employees earning less than 100,000/year.