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
Australia Makes Business Expansion Easier by Removing Nuissance Tariffs
Eliminating tariffs on products that qualify for a concession should simplify Australia’s trade system and remove compliance burdens for Australian firms.
IRS Issues Final Regs on New 1% Excise Tax on Corporate Stock Repurchases
These final regulations require that the stock repurchase excise tax be reported on Form 720, Quarterly Federal Excise Tax Return, due for the first full calendar quarter after the end of the corporation’s taxable year.
Biden and Trump Spar on Social Security and Taxes During First Debate
The debate featured a relentless barrage of false and misleading statements from both presidential candidates on a number of issues.
Supreme Court Limits Rulemaking Power of Federal Agencies
Justices overturned the Chevron doctrine that says judges should defer to agencies and their regulations if the law is not clear.
Sales Tax Disputes Continue as Wayfair Sales Tax Decision Hits Six-Year Anniversary
Every state with a sales tax enacted an economic nexus law following the Wayfair decision, most within a matter of months.
IRS Offers to Settle With Certain Tax Avoidance Scheme Participants
The agency is looking to settle with some taxpayers under audit who participated in syndicated conservation easement deals.
IRS Paid Out $88.8M to Whistleblowers in FY 2023
The agency gave whistleblowers 121 awards for information attributable to $338 million in tax revenue being collected in fiscal year 2023.
4 Key Takeaways From the National Taxpayer Advocate’s Mid-Year Report to Congress
While the 2024 filing season generally ran smoothly, there are still several challenges impacting taxpayers, Erin Collins says.