Taxes
Latest News
Avalara Adds Generative Chat to Bolster Support and Product Experiences for Customers and Partners
What Can be Done About the Accounting Talent Shortage?
SafeSend Unveils New AI-Powered Tools for Tax and Accounting Professionals
TaxPlanIQ Users Have Achieved Over $1B in Tax Savings with Tax Planning Software
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How to Avoid a State Tax Audit
Have you ever desperately tried to avoid someone at a cocktail party? Perhaps the guy who means well but asks nitpicky questions and won’t leave you alone? For accounting professionals, that party pariah is an auditor, and you should do everything ...
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False Income Reporting for EITC is Common Tax Scheme: But the IRS is Watching
The IRS is warning taxpayers to avoid schemes to claim tax credits on their returns that they don't truly qualify for. This is especially true of the Earned Income Tax Credit, which some people misreport their income in order to claim, and which is on ...
Congress Passes Law Banning Internet Access Taxes
Feel free to keep using the Internet without the threat of having to pay taxes on your services. (Buying products online, yes, you may have to pay sales tax. But not for your actual Internet service.)
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IRS Targets Bogus Tax Shelters
Illegal scams can lead to significant penalties and interest and possible criminal prosecution. IRS Criminal Investigation works closely with the Department of Justice (DOJ) to shut down scams and prosecute the criminals behind them.
Facts and Tax Forms: What Taxpayers Need To Do To Stay Compliant With ACA, aka Obamacare
When it comes to compliance with the Affordable Care Act, aka Obamacare, most Americans know that they are supposed to get insurance if they don't already have it through their employer. But there's more to the law, and some people could get a hefty penal
Avalara Launches AvaTax Excise for Multi-Tax Industries
Avalara, Inc. has launched a new solution for the determination and calculation of tax for businesses in industries such as bulk fuel distribution, residential propane and heating oil distribution, vehicle and equipment rental, wholesale tobacco, and ...
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IRS Is Looking For Unreported Offshore Accounts
The IRS remains committed to our priority efforts to stop offshore tax evasion wherever it occurs. Even though the IRS has faced several years of budget reductions, the IRS continues to pursue cases in all parts of the world, regardless of whether the ...
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IRS Budget Cuts are Increasing Tax Season Pains
Tax season has officially started and the Internal Revenue Service began accepting tax returns this week. According to IRS Commissioner John Koskinen, the agency is facing ongoing budget cuts, and due to these reductions, several of the services the ...