Taxes December 19, 2022
IRS Says Early Tax Filers Should Wait and File Later in 2023
The word of caution from the IRS comes due to a change in how the tax agency issues 1099-Ks.
Taxes December 19, 2022
IRS Puts Out Guidance on New Sustainable Aviation Fuel Credit
It applies to a qualified fuel mixture containing sustainable aviation fuel for sales or uses in calendar years 2023 and 2024.
Digital Currency December 19, 2022
Sam Bankman-Fried Prepared to Be Extradited to U.S. as Soon as Monday
The disgraced FTX co-founder is expected to disclose in court today that he won’t fight extradition.
December 18, 2022
AICPA Says $600 Threshold for 1099-K Reporting is Too Low and Outdated
The $600 threshold is based on a threshold established by the Internal Revenue Code section 6041 established in 1954 and does not account for increases in ...
Taxes December 17, 2022
House Ways and Means to Review Trump Tax Returns on Dec. 20
The meeting will be held in the panel’s hearing room at 3 p.m. Eastern time on Tuesday.
Taxes December 15, 2022
What’s Next for the IRS?
Tax experts sound off on the funding the IRS will get from Congress and what it could mean for the 2023 tax season.
Small Business December 15, 2022
Majority of Small Business Owners Don’t Have the Resources to Handle Tax Credits
A recent survey revealed that 63% of decision-makers do not know if they are eligible to claim the ERC.
Taxes December 14, 2022
Trump Organization Found in Criminal Contempt in Tax Fraud Case
A New York judge said the company “willfully disobeyed” his orders to comply with grand jury subpoenas.
Digital Currency December 14, 2022
FTX Founder Sam Bankman-Fried Charged with ‘One of the Biggest Financial Frauds in American History’: Feds
He is accused in parallel criminal and civil complaints of orchestrating a yearslong fraud causing billions in losses.
Taxes December 13, 2022
Intuit Accountants Releases 2022 Taxpayer Insights & Intelligence Brief
The study provided a holistic view of a taxpayer’s experience when working with a tax professional to gain insights into their expectations and service needs.
Taxes December 12, 2022
Why Donald Trump Wasn’t Charged in New York Criminal Tax Probe
While Trump himself wasn’t charged, prosecutors argued at trial that he “explicitly sanctioned tax fraud.”
Accounting December 12, 2022
Ensuring Success is This Week! Free Online CPE Conference Offers 14 Sessions Dec. 14-15, 2022
The conference is totally free for CPAs, tax professionals, and other professionals, and offers 14 sessions, each worth 1 hour of CPE credit. Several sessions also qualify for IRS CE credit.