Taxes
Latest News
Lili Launches Lili Connect for Small Business Financial Management
KSM Adds Shanholt Glassman Klein Kramer in New York
LGA Merges in Abbott & Co.
Lovesac to Pay SEC $1.5 Million to Settle Claims of Hidden Expenses
Federal Judge Rejects Hunter Biden’s Bid to Dismiss Tax Case in L.A.
April 1 ruling clears the way for the president's son to face court proceedings during the contentious 2024 election cycle.
IRS Warns of Phishing and Smishing Scams
Fraudsters and identity thieves attempt to trick the recipient into clicking a suspicious link, filling out personal and financial information or downloading a malware file onto their computer.
How Professionals Can Handle Client Tax ID Theft
Every firm will likely have to deal with a client whose identity has been compromised at some time, so it helps to remind staff of the warning signs of tax ID fraud as well as how to work with clients that may have been flagged by the IRS.
COVID Fraud Cases Have Totaled Nearly $9 Billion, IRS Crime Unit Says
Over the last four years, IRS-CI has investigated 1,644 tax and money laundering cases related to COVID fraud totaling $8.9 billion.
AICPA Offers ERC Resources as IRS Voluntary Disclosure Program Ends
As previously scheduled by the IRS, the voluntary disclosure program has come to an end. Through its various compliance efforts, the IRS has addressed over $1 billion in erroneous ERC claims.
IRS Direct File Tool May Be Especially Helpful to Latino Americans
Latinos—as well as individuals of any background— may fall victim to unqualified service providers who prey on their community.
Judge Skeptical of Hunter Biden’s Effort to Dismiss Tax Case as Politically Charged
Lawyers for President Biden's son asked a federal judge in Los Angeles on March 27 to throw out nine tax-related charges.
IRS Again Extends Income Tax Deadline For Hawaii Wildfire Victims
The agency further postponed until Aug. 7 various filing and payment deadlines for those affected by the Aug. 8, 2023, wildfires.