Taxes
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Digital Workflow in Intuit ProConnect Tax
PCAOB Group Seeks Input On the Most Decision-Useful CAMs or KAMs
AICPA Asks Treasury for Clarification of Long-Term and Part-Time Employee Rules
Worst States For Investors With Long-Term Capital Gains
IRS Opens Second Allocation Round For Advanced Energy Tax Credit
Beginning May 28, the IRS will accept applications from taxpayers seeking tax credits from the pool of $6 billion allocated in Round 2.
Digital Workflow in Intuit ProConnect Tax
During the Intuit Accountants “Better Together” event in New York City, the Intuit ProTax Group brought together tax professionals and industry thought leaders.
Worst States For Investors With Long-Term Capital Gains
These nine states, plus the District of Columbia, have high long-term capital gains tax rates that could eat a chunk of your earnings.
IRS Offers Resources and Advice During National Small Business Week
The Internal Revenue Service is offering tax-related information to entrepreneurs in anticipation of the upcoming kick-off of National Small Business Week.
IRS Says It Saw ‘Strong Response’ From Direct File Pilot Users This Tax Season
About 140,800 taxpayers in 12 states filed their federal tax returns through the new service, but its future is up in the air.
IRS Offers Final Guidance on Transfers of Credits Under Inflation Reduction Act
The final regulations also describe special rules related to excessive credit transfers and recapture events.
Voters Want Ultra-Rich to Pay More Taxes to Save Social Security, Poll Shows
Voters in seven swing states support billionaires tax and trimming benefits for the wealthy more than raising payroll taxes.
U.S. Sales Tax Rate Changes Reach 10-Year High
It's clear that tax departments will need to be nimble once again in 2024, adjusting to the situations outlined above along with other developments including legislative and regulatory changes.