Taxes

A judge has ruled that Intuit Inc., the maker of the popular TurboTax tax filing software, “engaged in deceptive advertising in violation of Section 5 of the FTC Act” and deceived consumers when it ran ads for “free” tax products and services for which many consumers were ineligible.

If your company doesn’t offer either option, try to empty out your account before January 1.

The agency is opening examinations of 75 of the largest partnerships in the U.S. that on average have over $10 billion in assets.

The BIG tax often catches business owners by surprise. Fortunately, however, you may be able to avoid adverse tax consequences with some astute planning.

In a report, TIGTA identified employees moving between large accounting firms and the IRS, often referred to as the “revolving door.”

This new requirement follows final regulations amending e-filing rules for information returns, including Forms 8300, released in February.

New IRS guidance marked the second time this year the agency raised the specter of subjecting state refunds to federal income tax.

Is the sale of an NFT subject to tax? Should it be? While lawmakers and tax officials worldwide have at least 91.8 million reasons to ensure tax laws account for sales of NFTs and other new tech, crafting tax policies for NFTs is difficult.