Taxes
Latest News
IRS to Host Virtual Focus Groups on the Business Tax Account Online Tool
GASB Proposes Guidance on Subsequent Events
FASB Issues Post-Implementation Review Report for Its Revenue Recognition Standard
Newsom: California Will Offer EV Rebates if Trump Cuts Federal Tax Credit
Sovos Approved as an IRS Modernized e-File (MeF) Business Provider for 1042 Returns
Starting with tax year 2023 filings and beyond, financial institutions or businesses filing 10 or more information returns can no longer submit Form 1042 on paper
IRS Offers New Guidance On Clean Vehicle Manufacturing
The proposed regulations provide definitions and proposed rules for qualified manufacturers of vehicles to determine eligibility for the clean vehicle credit regarding the excluded entity restrictions.
IRS Warns Taxpayers About Crypto ‘Pig Butchering’ Scams
IRS Criminal Investigation special agents have seen an uptick in a specific type of scheme that couples cryptocurrency with romance.
5 Ways to Gift Yourself Tax Savings This Holiday Season
The Illinois CPA Society offers five money moves to make before the end of the year to create some tax-time savings now and in the year ahead.
NYU School of Professional Studies Presents 42nd Annual Institute on State and Local Taxation on December 11-12 in NYC
On December 11-12, the NYU 42nd Annual Institute on State and Local Taxation, hosted by the NYU School of Professional Studies Division of Programs in Business, will take place at the Westin New York at Times Square.
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.
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.
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.