Taxes
Latest News
Taxbit Unveils New Global Tax Reporting Platform
April Launches New Tax Filing Solution to Tackle Complex Financial Situations
Sovos Introduces 1099 Professional For SMBs
Vero AI Launches Iris GRC
Pennsylvania to join IRS Direct File
Gov. Josh Shapiro and his staff worked with the Treasury Department to bring the program to the state for the 2025 tax season.
IRS Processing More Employee Retention Credit Claims—But With Added Scrutiny
The IRS is accelerating payments to businesses that had submitted legit claims for the ERC while continuing to weed out incorrect claims.
IRS Shares New Draft Version of Crypto Tax Form
The fresh draft version of Form 1099-DA comes on the heels of the final regulations on crypto broker requirements being issued in June.
Vance Floats $5,000 Child Tax Credit
JD Vance didn't offer specifics on who would qualify for the tax credit if expanded from its existing maximum of $2,000 per child.
Harris Backs Trump Proposal on Ending Taxes on Tips
The vice president made the pledge during a rally Aug. 10 in Las Vegas, two months after her rival made his pitch at a rally in that city.
The Tax Blotter – August 2024
The Tax Blotter is a round-up of recent tax legislation and rulings.
Tax Pros Now Required to Use Multi-Factor Authentication to Protect Client Data
Tax pros should always enable MFA within tax software products and cloud storage services containing sensitive client data, and they should never share usernames.
Taxpayers Claimed $8 Billion in Inflation Reduction Act Tax Credits for Clean Energy and Efficient Home Improvements
The Inflation Reduction Act, or IRA, extended and expanded tax credits PDF that allow taxpayers to claim residential and energy efficient home energy credits.