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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Ohtani’s Contract Prompts California Controller to Ask Congress to Step In on Deferrals
Congress should narrow a loophole that could spare Shohei Ohtani from paying tens of millions in California taxes, Malia Cohen said.
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Taxpayer Advocate Delivers Annual Report to Congress, Identifies Top 10 Problems with Agency
The report credits the Internal Revenue Service with substantially improving taxpayer services and developing plans to transform the taxpayer experience in the coming years, but it identifies paper processing as an area of continuing weakness.
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Long IRS Delays in Assisting Identity Theft Victims Are ‘Unconscionable,’ National Taxpayer Advocate Says
Nearly 500,000 taxpayers with cases pending at the IRS waited almost 19 months for their identity theft issues to be resolved.
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Tax Tips for Accountants With Gambling Clients
With millions trying their luck, complex tax rules for reporting and deducting gambling winnings and losses present new challenges for taxpayers.
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2024 Predictions: Automation and AI Will Augment Tax Compliance Landscape
Several experts share their top tax and technology predictions, and explore how the intersection of automation and artificial intelligence will continue to impact tax compliance, how economic and market factors will affect growth across global business segments, and more.
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IRS Warns Tax Pros of Another ‘New Client’ Scheme Involving Cybercriminals
The IRS has seen a new round of email scams where cybercriminals pose as potential clients looking for tax help.
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Trump Considers Making Permanent 2017 Tax Cuts for Individuals
While Trump plans to keep the 21% corporate tax rate unchanged if re-elected, his 2017 tax cuts for individuals will expire after 2025.
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Tax Season to Start January 29, 2024
The IRS has announced that it will start accepting and processing tax returns on Monday, Jan. 29, 2024. The agency expects more than 128.7 million individual tax returns to be filed by the April 15, 2024, tax deadline.