Taxes
Latest News
Understanding Employees’ Preferences: The Key to CPA Firms Attracting Top Talent in 2025
2025 Tax Refund Date Estimator – And Last Minute Tax Tips for 2024
IRS Will Phase in $600 1099-K Reporting Threshold in 2026
Review of HubSync – The Accounting Technology Lab Podcast – Nov. 2024
Budget Would Revive Monthly Child Tax Credit Payments in 2024
President would restore monthly $300 payments to families with children, but the proposal will likely meet opposition.
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.
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.
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.
New Incentives for Qualified Charitable Distributions
The new law enhances the benefits of making “qualified charitable distributions” (QCDs) from a taxpayer's IRAs.
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.
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.
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.