
AICPA Addresses ‘Plummeting’ Level of Service with IRS Practitioner Priority Service Phone Line
Service levels for the practitioner priority service phone line have been in continuous decline for several years.
Service levels for the practitioner priority service phone line have been in continuous decline for several years.
The AICPA expressed several concerns with proposals that could be included in future tax legislation. Comments submitted address the following proposals:
The legislation passed the House this afternoon on a party line 220-207 vote.
Households earning $500,000 would face 1% increase in tax burden if House passes tax-and-climate bill.
A new poll found that a majority of voters (76%) weren’t worried about the prospect of being audited by the IRS.
First off, the employer must contribute to a SEP-IRA for any employees age 21 and over who have worked for the business three out of the previous five years
Wealthy Americans should be prepared for audit levels they haven’t seen in decades, if the Democrats’ tax and climate bill passes the House.
This tax break has been in the crosshairs of Congress for years but was removed from Senate Democrats’ Inflation Reduction Act.
You can adopt either a defined contribution Keogh plan or a defined benefit Keogh plan. As you might expect, the rules for these variations generally
A solo 401(k) plan works pretty much like a traditional 401(k). For starters, you can elect to defer part of your salary to your account within generous annual limits.
In addition, average savings dropped $517 from $11,724 in May 2022 to $10,757 in June 2022.
However, nearly eight in 10 managers in finance and accounting worry about resignations from their team.
To qualify to use a SIMPLE, the business can’t employ more than 100 workers. This includes any employees who earned at least $5,000 in the previous year.
Contributions are invested and can grow and compound within your account without any current tax until withdrawals are made. This is an easy type of retirement plan to set up and maintain.
Gig economy companies classifying their workers as independent contractors continue to face lawsuits, state action, and federal agency enforcement
Historically, over the past 60 years, it has been shown that during adverse economic cycles, the sales tax provides a much more consistent method of funding relative to the income tax.