Taxes January 11, 2023
IRS to Start 2023 Filing Season in Better Shape, National Taxpayer Advocate Says
“We have begun to see the light at the end of the tunnel,” Erin Collins wrote in her latest report to Congress.
Taxes January 10, 2023
Longtime Trump Org CFO Gets 5-Month Sentence for Tax Fraud
Allen Weisselberg, 75, admitted to receiving more than $1.7 million in off-the-books perks over 15 years.
Accounting January 10, 2023
New GOP Congress Passes Bill Erasing $71 Billion of IRS Funding
Those who supported the original funding bill say the increase will help the agency increase collections on existing tax laws, and therefore increase revenue, by ...
Taxes January 10, 2023
Two North Carolina Tax Preparers Sentenced to 5 Years in Prison
These returns included fictitious federal income tax withholding figures as well as other fraudulent items that generated fraudulent refunds for the clients.
Taxes January 9, 2023
Congress Wants a Refund: Votes to Delete Most of $80 Billion Boost in IRS Funding
The bill had been a 2022 campaign priority for most GOP Congressional candidates, but to take effect, it would need to next pass in the ...
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January 9, 2023
2023 Tax Refund Dates – Find Out When You May Get Your IRS Tax Refund
The below chart shows an estimated timeline for when a taxpayer is likely to receive their refund, based on the information we have now, and using projections based on previous years.
Taxes January 9, 2023
IRS Corrected 14 Million Tax Returns with Average Refund of $1,232
Many of the 12 million refunds come from a change in the way unemployment insurance was taxed.
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Taxes January 9, 2023
Thomson Reuters Completes Acquisition of SurePrep, LLC
SurePrep will become part of Tax and Accounting Professionals operations, with revenues in both Tax & Accounting Professionals and Corporates.
Taxes January 8, 2023
Help Your Startup Clients Avoid These 7 Tax Mistakes
As trusted advisors, CPAs have the knowledge and expertise to provide our clients with accurate and timely advice on a wide range of tax and financial matters.
Taxes January 5, 2023
IRS Audits Dropped Slightly in 2022
Low-income wage-earners taking the earned income tax credit had a higher-than-expected audit rate, report says.
Digital Currency January 3, 2023
Bankman-Fried Pleads Not Guilty, Trial Likely to Begin in October
The not guilty plea puts the case on track for a lengthy trial, which could last at least four weeks.
Taxes December 30, 2022
Do You Need A Charitable Appraisal? 2023 Tax Tips
The appraisal rules don’t apply to donations of publicly traded securities. Use the quoted market price to determine the FMV of the securities. This takes a lot of the guesswork out of the deduction.