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
AICPA Asks IRS for Guidance on Excess Business Losses
IRC Section 461(l) disallows EBLs for taxpayers other than C corporations for tax years beginning after 2020 and before 2029.
IRS Names New Chief of Criminal Investigations
Guy Ficco will oversee a worldwide staff of more than 3,200 Criminal Investigation (CI) employees, including 2,200 special agents who investigate crimes involving tax, money laundering, public corruption, human trafficking, drug trafficking, cybercrime and terrorism-financing.
Bill on Alternate Path to CPA Licensure Gains Momentum in Minnesota Senate
The legislation, which moved to the state's Senate Finance Committee, would provide an option to licensure with 120 credit hours.
Why Businesses Shouldn’t Rely on AI-Powered Tax Prep Advice
A Washington Post investigation found TurboTax's and H&R Block's AI tools are not up to snuff.
IRS Direct File is Now Officially Open for Use in 12 States
The IRS moved the Direct File pilot out of the testing phase, allowing 19 million eligible taxpayers to use the free filing software.
Fewer People Are Getting Tax Refunds This Year, IRS Stats Show
Compared with a similar point in the tax season the previous year, there have been nearly 6 million fewer refunds, according to the IRS.
Some States Are Looking to Abolish Property Taxes Entirely
As property values surge, some state lawmakers are hoping to end the property tax. Doing so would not be cheap or easy.
Capital Gains Hikes at the Center of Biden’s Second-Term Tax Agenda
The president's budget proposal is the opening round of a looming tax fight set to consume Washington next year.