Taxes
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IRS Is Developing Its Own Free Tax Preparation System
The agency said on Tuesday it is taking steps to test out an IRS-run e-filing system called “Direct File” starting next year.
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Home-Buying Costs Could Rise 22% if U.S. Defaults on Debt
A debt default would almost certainly mean severe disruption for the economy, with the ripple effects taking their toll on the housing market.
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Digital Automation Increasing in Tax Firms
Expect to see a bigger push for digital automation. This is not a new phenomenon — but rather one that will be recognized for the true advantage it brings.
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IRS Bumps Up HSA Contribution Limits for 2024
The new inflation-adjusted amounts mean employees will be able to put more money in their HSAs next year than this year.
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Energy and Fuel Companies Prioritizing Tax Compliance
When it comes to managing excise tax compliance, many energy and fuel businesses are burning the midnight oil to keep up.
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Former IRS Staffer Gets Jail Time for Identity Theft, Tax Fraud
Deena Vang Lee, a former IRS employee in Fresno, CA, and private tax preparer, received four years and six months in prison.
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Sales Taxes in South Dakota to Decrease
South Dakota’s state sales and use tax rate will drop from 4.5% to 4.2% starting July 1, 2023.
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How to Efficiently Complete a Business Personal Property Rendition
A personal property rendition is a report that lists all business assets (personal property) that are subject to personal property tax, which is typically all tangible personal property unless a specific exemption applies.