Taxes January 25, 2023
Highlights of the SECURE Act 2.0 for Businesses
The new SECURE Act 2.0, enacted late last year as part of a spending measure, features several notable provisions affecting individuals saving for retirement.
Taxes January 25, 2023
Manchin Floats Bill to End EV Tax Credits for Unqualified Cars
Treasury missed a Dec. 31 statutory deadline to release proposed rules for the new credits.
Taxes January 24, 2023
IRS to Use ‘Digital Assets’ Instead of ‘Virtual Currency’ on 2022 Forms 1040
A question regarding digital assets must be answered by all taxpayers on their 2022 income tax returns.
Taxes January 23, 2023
Will the Increase in the Teacher Tax Deduction Really Help Educators Much?
Tax pros and educators agree: Even with this year’s increase from $250 to $300, the deduction falls short.
Taxes January 23, 2023
Tax Pros Help Clients Deal with Smaller Refunds
Refund amounts are expected to fall this year due to the end of pandemic-related tax breaks.
Taxes January 19, 2023
The Tax Blotter – Jan. 20, 2023
The tax law provides generous tax breaks to investors in real estate, but there are several key tax pitfalls to watch out for.
Taxes January 13, 2023
The IRS Needs Billions to Make Trillions
Serious, long-term money for technology is the only thing that can help the IRS to overhaul its auditing system.
Taxes January 12, 2023
IRS Says 2023 Filing Season to Start on Jan. 23
The IRS is expecting more than 168 million individual tax returns to be filed this year, most coming before April 18.
Taxes January 11, 2023
Q1 Quarterly Estimated Tax Payments Due Jan. 17, 2023
Fourth quarter 2022 estimated tax payments are due on or before January 17, 2023. Many taxpayers are required to make quarterly estimated tax payments during the year, and others do so voluntarily to stay current on their taxes.
Taxes January 11, 2023
IRS Gives Soaked Californians Extra Time to File 2022 Tax Returns
Taxpayers in any county covered by a federal emergency declaration have until May 15 to pay their income taxes.
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.
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 ...