Taxes
Latest News
INCPAS and NABA Launch Initiative to Strengthen Talent Pipeline in Indiana
Financial Cents Adds New Billing Feature For Accounting Firms
New Jersey Society of CPAs Announces 10 Winners of its CPA Exam Fee Lottery
CFPB Finalizes Rule on Federal Oversight of Popular Digital Payment Apps
Florida Tax Preparer Gets Prison for False Returns and Online Romance Scam
Between 2015 and 2020, Coates claimed $228,788 in tax refunds on her individual federal income tax returns by falsely reporting that taxes had been withheld from her income and had been paid to the IRS.
IRS-CI to Host ERC Seminars for Tax Professionals
The sessions held in February aim to ensure that tax professionals have the latest ERC information and understand ERC eligibility criteria.
IRS: Connecticut Residents Affected by Recent Flooding to Get Tax Relief
The IRS has extended its April 15 filing deadline for impacted taxpayers until June 17 to submit returns and make tax payments.
Jan. 31 Deadline Nears For Some Enrolled Agents to Maintain Their Status
EAs with a Social Security number ending in 7, 8, or 9 must renew their status by Jan. 31 before their current enrollment expires March 31.
IRS Says Digital Asset Question Added to More Tax Forms
The IRS noted on Monday that it has included a crypto question on four additional tax forms ahead of filing season.
IRS Redesigning Taxpayer Notices to Make Them Easier to Understand
The Simple Notice Initiative will review and redesign hundreds of notices with an immediate focus on the most common notices that individual taxpayers receive.
Oracle and Deloitte Partner to Help Multinational Organizations Prepare for OECD Pillar Two Requirements
The PIllar Two rules effectively create a global minimum tax rate of 15 percent and significantly impact financial processes and operating structures for large multinational organizations.
Report Signals Increased Sales Tax Audits and E-Invoicing Growth in 2024
A new report shows continued changes to economic nexus and marketplace facilitator laws in the U.S. and the expansion of e-invoicing globally in 2024, both of which will lead to the likelihood of increase sales tax audits.