Taxes
Latest News
State Societies in Action: Wisconsin Institute of CPAs
LinkedIn + AI = A Recipe for Prospecting Success for Accounting Firms
The Tax Blotter – Nov. 2024
CohnReznick Expands Footprint in Philippines
IRS Reveals New Process For Third-Party Payers to Fix Erroneous ERC Claims
Third-party payers that filed prior ERC claims for multiple clients now have a way to "withdraw" those claims for clients that didn't qualify.
Attorney Flagged for Tax Evasion in New Case
In his efforts to evade tax liability, this attorney from Missouri committed multiple fraudulent acts, for which he was found guilty.
Trump and Harris Hit Must-Have States as They Clash Over Economic Visions
Kamala Harris was in Pennsylvania Sept. 25 while Donald Trump was in North Carolina—battleground states crucial for victory.
Senators Aim to Raise Tax Deduction for Small Businesses
Legislation introduced on Sept. 25 by three Senate Democrats would increase the startup tax deduction from $5,000 to $50,000.
IRS Revises FAQs on Premium Tax Credit
The agency updated a section in its fact sheet about the refundable credit, which helps some taxpayers afford health insurance premiums.
IRS Posts New Per Diem Tax Deduction Rates For Business Travel
Come Oct. 1, the per diem rates will be $319 for business travel to high-cost locations and $225 for travel to low-cost areas.
Tax Professionals Might Be Contacted About IRS Survey
Tax pros could be randomly selected to take part in a voluntary survey to help the IRS improve services to practitioners and taxpayers.
Code for America’s Free Tax Filing Coming to More States
Civic tech nonprofit Code for America is broadening its tax filing simplification process to Maryland and North Carolina in January.