Taxes

The IRS told tax professionals last week it’s making changes that will impact how practitioners obtain a client's tax transcripts.

Residents of New York state are burdened by taxes the most, while Alaska residents have the lowest tax burden, a WalletHub study found.

However, taxpayers will need to reduce the basis of the property when they sell it by the amount of the rebate, the IRS said last week.

These connected applications solve tax professionals’ day-to-day workflow issues, transforming disjointed, manual processes into a seamless workflow and providing intelligence exactly where users need it.

CPA Pilot's AI tax assistant leverages advanced algorithms to analyze data and offer precise insights quickly. This enables tax professionals to prioritize strategic tasks.

Clients are constantly facing the risk of encountering tax scams, even outside of the annual tax season, as digital threats evolve. It’s important to remain vigilant by staying informed and building up defenses against attacks.

New Jersey residents will pay the most in lifetime taxes, and people in West Virginia will pay the least, according to a Self Financial study.

Senate Republicans don’t want to hand President Biden an election-year victory on the legislation, which passed the House in January.