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
Danny Werfel’s Cat Is the IRS’s New Social Media Darling
“We have just now started to put my cat Emmett out there as the expert on tax scams,” the IRS chief recently said in a TV interview.
New Tax Scam Targets Clean Energy Tax Credit
In this latest scam, the IRS is seeing instances where unscrupulous tax return preparers are misrepresenting the rules for claiming clean energy credits under the Inflation Reduction Act (IRA).
Oklahoma Taxpayers Get Extended Deadline Due to Storms
These taxpayers now have until Nov. 1, 2024, to file various federal individual and business tax returns and make tax payments.
New Jersey Passes New Budget, With Tax Increases for Some, Property Tax Relief Too
The plan also calls for spending $2.1 billion more than it collects in revenue from taxes and fees at a time when the state faces uncertain financial prospects.
IRS: Security Threats Against Tax Pros Remain a Daily Threat
The IRS and its Security Summit partners announced the start of its annual "Protect Your Clients; Protect Yourself" campaign.
NYU Professional Studies to Host Tax Conferences
The events will focus on a range of topics including international and partnership taxation, trusts and estates, local and state taxation, and like-kind exchanges.
IRS Finalizes Rules on Crypto Tax Reporting for Brokers
The final regulations are viewed by proponents as critical to policing a largely unregulated sector plagued by tax avoidance.
IRS to Pot Businesses: Marijuana is Still a Schedule I Controlled Substance
Therefore, cannabis businesses are still unable to claim normal business tax deductions, as IRC Section 280E stipulates.