Taxes
Latest News
An Increase in Customer Theft is Increasing Restaurant Prices
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
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IRS Exposed Confidential Data on 120,000 Taxpayers on Open Website
The Internal Revenue Service mistakenly published confidential data for 120,000 taxpayers on its website before realizing the error and taking down the data, the Treasury Department said.
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Student Loan Debt Forgiveness Will Not Be Taxed in Kentucky as Income
Loan forgiveness plan will absolve hundreds of thousands of Kentuckians of their student debt.
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AICPA News – Sept 1, 2022
AICPA News is a round-up of recent announcements from the American Institute of CPAs and the Association of International CPAs.
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Irish Pub Chain’s Ex-CFO Falsified Documents to Avoid Paying $1M in Sales Tax in Eight States
Former Claddagh Irish Pubs finance chief Ciaran Dillon was charged with two counts of wire fraud.
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North Carolina Will Tax Student Loan Forgiveness
Under North Carolina tax law, the canceled loans are considered taxable income at the state level.
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Unlike Mississippi, Maine Will Not Tax Forgiven Student Loans
Maine added forgiven loan debt to federal tax code changes it adopted in recent round of tax conformity.
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Forgiven Student Loans Won’t be Taxed as Income by Pennsylvania, Governor Says
Bloomberg reported earlier this week that Pennsylvania was among 13 states that treat forgiven debts as income.
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Inflation Nation: U.S. Business Executives Project Zero Profit Growth for Coming Year
Revenue projections also fell, quarter over quarter, from an expected 3.4% growth rate over the next 12 months to 2.6%.