Taxes
Latest News
An Increase in Customer Theft is Increasing Restaurant Prices
IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
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Why Opportunity Zones Are a Good Investment in 2024
As a provision in the TCJA, opportunity zones could sunset at the end of 2026, but there’s still time to maximize tax benefits.
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IRS Launches Hub for Employer-Provided Childcare Tax Credit
The new webpage gives information on the tax incentive for businesses that provide childcare services to their employees.
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IRS Extends Tax Filing Deadline in 10 Maine Counties Following Severe Storms
Affected taxpayers now have extended tax deadlines of June 17, 2024, to file certain tax returns and make tax payments.
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AICPA Says FBAR Deadline Should Match Disaster Relief Deadline Extensions
The AICPA recommends that FinCEN adopt a policy of automatically granting FBAR filing postponements to coincide with the relief provided by the IRS when the IRS grants postponements
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How Did Your 1099 Season Go? New E-Filing Rules Challenged Some in 2024
Due to changes in reporting requirements, the 2024 filings became a little more challenging: The years ahead may be even more so.
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2024 Tax Refund Dates – Where’s My Refund, And When Will I Get It?
This article includes a handy reference chart taxpayers can use to estimate how soon they may get their income tax refund.
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Treasury: IRS Could Collect $561 Billion in Revenue Thanks to Inflation Reduction Act
However, Treasury warned that if $20 billion is cut from the IRS’s funding allotment, it would reduce revenues by over $100 billion.
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State and Local Tax (SALT) Predictions for 2024
The SALT professionals at Grant Thornton have compiled it's top predictions for what it expects to see in the coming year in this volatile space.