Taxes
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IRS ‘Get Ready’ Campaign Helps Taxpayers Prepare for Filing Season
Trump Nominates Hedge Fund Exec Bessent to Lead Treasury Department
The Top Toys and Gifts for the 2025 Christmas and Holiday Season
Professionals on the Move – Nov. 2024
SALT Bill Goes Down in the House, Likely Sealing Its Fate
The legislation was championed by blue-state Republicans opposed to the $10,000 state and local tax deduction cap.
IRS Help Calls Expected to Surge After President’s Day
The IRS is encouraging taxpayers who need help to use its online tools before they call the agency for help.
Michigan Gets IRS Tax Extension to June 17 Due to Storms
Currently, this includes Eaton, Ingham, Ionia, Kent, Livingston, Macomb, Monroe, Oakland and Wayne counties. Individuals and households that reside or have a business in these localities qualify for tax relief.
Filed Tax Returns Are Down 19% So Far This Filing Season—But There’s a Reason Why, IRS Says
The IRS released a slew of early tax season 2024 stats last week, calling it “a strong start to filing season, with all systems running well.”
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AICPA Recommends Foreign-Owned U.S. Disregarded Entities be Allowed to E-File Form 5472
Sending U.S. tax filings via the mail from overseas to the IRS can be a complex procedure, particularly if the sender wishes to get a proof of mailing.
7 Warning Signs of an Incorrect ERC Claim
The IRS listed several red flags of a questionable employee retention credit claim to help businesses resolve incorrect submissions.
IRS Seeks More Than $1 Billion From SVB for Taxes
The IRS claims Silicon Valley Bank owes both corporate income and employment taxes spanning a four-year period ending in 2023.
AICPA Provides Recommendations on Proposed Regulations Under Section 987
The proposed regs provide a new transition rule replacing the 2016 final regulations fresh start methodology, which accounts for the unrecognized section 987 gain or loss accrued before the transition date.