Taxes
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Review of SuiteFiles – The Accounting Technology Lab Podcast – August 2024
Avalara Adds Generative Chat to Bolster Support and Product Experiences for Customers and Partners
What Can be Done About the Accounting Talent Shortage?
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Phone Scams Draw in Elderly Taxpayers
Adding to the confusion is that some of these calls are recorded and robot-generated, and others come from live callers. While many Americans are on to this scam, the elderly frequently find it unsettling, or even scary. Those who have no one to turn ...
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The Worst Tax Penalties and How to Help Your Clients Avoid Them
It is important for us to keep in mind that tax responsibilities are not the first thing our busy clients are thinking about, and in many cases they are not on their radar at all.
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IRS Warns Taxpayers About Phone Scams
The IRS has seen a surge of these phone scams as scam artists threaten police arrest, deportation, license revocation and other things. The IRS reminds taxpayers to guard against all sorts of con games that arise during any filing season.
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AICPA Wants Changes to IRS Estate Tax Form and Instructions
The American Institute of CPAs (AICPA) has submitted comments to the Internal Revenue Service (IRS) and U.S. Department of the Treasury about IRS draft Form 8971, Information Regarding Beneficiaries Acquiring Property from a Decedent, and draft ...
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IRS Lists Tax ID Theft As Top Concern
The IRS also joined with industry and states on a public awareness campaign to provide taxpayers with easy tips to better protect themselves. The “Taxes. Security. Together.” campaign includes YouTube videos, Tax Tips and fact sheets to help ...
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Feb. 1 Is Last Day To File W-2s and 1099s
Businesses with employees or anyone who has contracted for more than $600 in work to a freelancer or subcontractor: you have until February 1, 2016, to provide the appropriate wage and income reporting form – a W-2 or 1099-MISC – to all recipients.
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New Law Preserves Tax Breaks for Conservation Donations
Here’s one tax break that can extend as far as the eye can see: If a real estate owner donates a qualified conservation easement to charity, he or she can claim a deduction based on the value of the easement. In other words, the taxpayer realizes a ...
Waiting For Your Income Tax Refund? IRS Says Most Refunds Sent In 21 Days
Many taxpayers are eager to know precisely when their money will be arriving, but checking "Where's My Refund" more than once a day will not produce new information. The status of refunds is refreshed only once a day, generally overnight.