IRS August 3, 2026
Fraudsters are mailing fake IRS letters to cryptocurrency holders in a scheme using a bogus website that aims to steal taxpayers' personal information and digital assets, IRS-CI said in a fraud alert last week.
July 1, 2020
Some of the hardest hit states include California (-$1.9 billion), New York (-$ 1.3 billion), Florida (-$ 1.3 billion), Nevada (-$1.1 billion) and Texas (-$940 million). These tax impacts represent the direct tax revenue decrease from the severe drop ...
June 30, 2020
The IRS has announced the tax filing and payment deadline of July 15 will not be postponed. Individual taxpayers unable to meet the July 15 due date can request an automatic extension of time to file until Oct. 15.
June 26, 2020
The current allowable DTC rules for distilleries (8 states), breweries (10 states), and retailers (16 states) are substantially different than those for wineries (46) states. Whereas wineries can ship directly to 97% of the U.S. population, ...
June 26, 2020
The program is set to close on June 30, so there are only a few days left in the program. With billions of dollars still available, this is a unique opportunity for small businesses to access funding that has the opportunity to be completely forgiven.
June 26, 2020
Shipments that cross international borders are often subject to customs duties or tariffs, but sometimes they aren’t. The product being shipped may be tax exempt. Or, the value of the shipment may be under the country ...
June 25, 2020
The survey also found that more than a third of taxpayers (37%) do not have the resources to pay 2019 taxes owed despite the deadline being extended to July 15th.
June 25, 2020
A majority of taxpayers (61%) are deeply concerned that the financial impacts of COVID-19 may force them into tax debt, adding to the $131 billion already owed to the IRS by 14 million Americans.
June 25, 2020
Lawmakers in Louisiana have made it easier for the Louisiana Department of Revenue to provide tax relief in the wake of a gubernatorial or presidential declaration of disaster or emergency.
June 24, 2020
A controversial law since its initial passing, tension has only increased as this permanent implementation date draws near. The loss of this revenue source isn’t welcomed by state revenue agencies, particularly as ...
June 24, 2020
The midyear update to Avalara's annual sales tax changes report takes stock of what’s transpired in the world of sales tax since the start of the year. It also introduces emerging trends.
June 24, 2020
The Trump administration says it will disclose details about companies that received loans of more than $150,000 from a coronavirus relief program for small business, following a backlash for its earlier refusal to release data ...
June 24, 2020
The $3 trillion Health and Economic Recovery Omnibus Emergency Solutions Act (“HEROES Act”), already passed by the House, would again distribute $1,200 per person, via paper checks, direct deposit deposit or debit cards.