Income Tax October 24, 2026
A Corrected Tax Document Arrived After Review. What Needs to Reopen?
The operational question is not whether the upload succeeded. It is whether the change reached the person responsible for deciding what happens next.
Taxes October 14, 2024
AICPA Pushes Back on Treasury and the IRS Overreaching Guidance Package
The American Institute of CPAs recently submitted a comment letter to the Department of the Treasury and the Internal Revenue Service in response to their release of a guidance package addressing certain basis-shifting transactions involving partnerships and related parties.
Technology October 14, 2024
Corporate Tax Leaders’ Views on GenAI Have Flipped, EY Survey Finds
CFOs' and corporate tax executives' stances on GenAI have shifted over the past year—from mostly negative to mostly positive.
Taxes October 14, 2024
IRS Gives Tax-Exempt Entities Additional Time to Make Payment Election
Certain tax-exempt organizations that are making an elective payment election are getting a six-month extension to file Form 990-T.
Taxes October 11, 2024
IRS Provides Tax Relief to All of Florida After Hurricane Milton
Because of hurricanes Debby, Helene, and Milton, affected taxpayers have until May 2025 to file returns and make tax payments.
Taxes October 11, 2024
Tax Gap For 2022 Estimated At $696 Billion, IRS Says
The projected gross tax gap for 2022 is down $12 billion from a revised 2021 tax gap of $708 billion, the agency said Oct. 10.
Small Business October 10, 2024
Convenience Stores Face Many Challenges on Regulated Business Licenses
The multitude of products sold may require obtaining licenses from federal, state, county, and local jurisdictions.
Taxes October 10, 2024
NYU School of Professional Studies to Host the 83rd Institute on Federal Taxation in New York and San Diego
Designed for professionals who handle federal tax matters, the IFT provides high-level updates, insights, analyses, and practical advice from America’s top tax authorities on the latest federal tax trends and developments.
Taxes October 10, 2024
Trump Pledges to Eliminate Income Taxes on Americans Living Abroad
His plan could allow wealthy Americans to move to low-tax countries and avoid any tax obligations.
Taxes October 9, 2024
AICPA Comments on Dual Consolidated Losses, Disregarded Payments
The AICPA highlighted several areas of concern in the proposed regulations from the Treasury Department and the IRS.
Taxes October 9, 2024
Taxfyle and Column Tax Partner on End-to-End Embedded Tax Solution
The solution will support users with offerings such as DIY taxes, on-demand tax consultations, and full-service professional tax offerings.
Small Business October 9, 2024
Maine Nonprofits Get Blanket Sales Tax Exemption
As of January 1, 2025, thousands of nonprofits in Maine will be eligible for a blanket exemption.
Technology October 9, 2024
The Future of Tax: How Corporations Can Leverage New Technology for Tax Efficiency
Digitalization is reshaping the way tax is collected, paid, and managed. According to the survey, 90% of respondents reported seeing progress being made towards digital streamlining and automation in tax processes.