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
Biden Would Veto House GOP’s Israel Aid Bill That Cuts IRS Funds, White House Warns
The legislation, championed by new House Speaker Mike Johnson, has already run into stiff bipartisan opposition from the Senate.
5 Family-Based Income Tax Breaks
Families may be eligible for certain tax benefits along the way. Here are five of the main tax breaks on the books.
Employers Can Get a Tax Benefit for Providing Gym Access
Although this tax break has been on the books for decades, several special rules may come into play.
House Republicans’ $14.3B Israel Aid Bill Would Impact the IRS
Stand-alone measure seeks to offset Israel support by clawing back $14.3 billion in IRS funding from the Inflation Reduction Act.
Halloween Shopping Expected to Top $12.2 Billion; Dog Owners Add to Total
The top ways consumers are planning to celebrate are handing out candy (68%), decorating their home or yard (53%) or dressing in costume (50%).
IRS OKs E-Signatures to Be Used on a Slew of Forms Indefinitely
The agency said Monday it will continue to allow alternatives to handwritten signatures to be accepted for certain tax documents.
IRS Boosts Hiring for Taxpayer Assistance Centers
The agency has increased staffing at its TACs by 31% during FY 2023 thanks to funding from the Inflation Reduction Act.
Canopy to Host Summit for Accounting Professionals on Nov. 9. 2023
Canopy’s annual summit will include insights from CEO Davis Bell and Chief Product Officer (CPO) Shane Westra along with a panel of business experts.