Taxes
Latest News
IRS Chief Receives NATP’s Inaugural Vanguard Award
Growth Seen in Pilot Program that Reduces Barriers to Finishing CPA Licensure Education Requirement
Armanino Integrates Generative AI Updates to Audit Ally
BGM Acquires Minneapolis-Based M&A Firm SealedBid
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Survey Shows Proposed 1099-K Rules Would Hurt Sellers
As a result of these proposed changes, 83% of marketplaces anticipate sellers to leave their platforms, and a majority (55%) of marketplace sellers and gig workers are reconsidering online selling and on-demand work.
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Xero Partners with Avalara to Add Automated Sales Tax Calculations
The solution brings advanced sales tax workflows and management directly into the Xero platform, allowing advisors and business owners to automate sales tax calculations, reporting and filing.
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Republicans Protest Biden’s IRS Threshold Requirement for Online Purchases
The IRS said last week it is once again delaying implementation of the new $600 1099-K threshold for tax year 2023.
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Corvee Adds Augusta Rule Deduction Guidelines for Home Rentals to Tax Planning System
The nickname is derived from the practice of taxpayers renting out their in homes as temporary lodging during major sporting events hosted in, or near, their city.
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Shakira Reaches Deal to Settle Spanish Tax Fraud Case Before Trial Begins
According to the Associated Press, the Colombian pop star’s deal includes a suspended three-year sentence and a €7 million fine.
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Ex-Kentucky CPA Accused of Failing to Report More Than $300,000 on Federal Taxes
A federal grand jury indicted Charles M. Stivers last week on two charges of making false statements on tax returns in 2018 and 2020.
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2024 IRS Tax Refund Calendar – Estimate When You Will Get Your Tax Refund
The IRS says most e-filed tax refunds are direct deposited into taxpayer bank accounts in as little as 10 days, so why pay to get your refund?
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IRS Puts Off New 1099-K Reporting Rules for Another Year
Online sellers who use a third-party payment app will get a tax reprieve as the IRS will postpone the new $600 reporting threshold.