Taxes February 8, 2023
Don’t File Your Returns Yet, IRS Tells Millions of Taxpayers
The issue comes with stimulus payments paid by some states in the last year, which has led to tax questions.
Taxes February 8, 2023
IRS Chief Counsel’s Office Has Open Tax Attorney Spots It Wants to Fill
The IRS is hiring tax attorneys to help enhance the taxpayer experience and address noncompliance.
Taxes February 6, 2023
IRS Working on 1099 Guidance for Middle Class Tax Refund in California
The agency previously said it was working on guidance for 19 states that provided refunds of some form in 2022.
Taxes February 6, 2023
Suspicious White Powder Found at a Georgia IRS Office
A package containing the powder, which was found in the mailroom, was determined to be harmless.
Taxes February 6, 2023
IRS Looks to Start Tip Reporting Program for Service Industry
IRS seeks public comment on proposed Service Industry Tip Compliance Agreement (SITCA) program.
Taxes February 6, 2023
Treasury Shifts SUV Definition for EV Tax Credits After Carmakers Gripe
The change made Friday is likely to be the difference between thousands of dollars in consumer discounts.
Taxes February 3, 2023
Changes to Tax Credits and Deductions Could Mean Smaller Refunds or Higher Taxes in 2023
Certain tax credits for children and dependents have been reduced, and the charitable deduction some taxpayers took advantage of during the pandemic years is no longer so easy to claim.
Taxes February 3, 2023
R&D Tax Credit Misconceptions and Guidelines
With all the benefits of the R&D Tax Credit, some are looking for clarification on the best the procedures for acquiring the credit and applying it.
Taxes February 2, 2023
Biden Vows to Veto GOP Plan to Abolish the IRS
The president also would veto bill by House Republicans to replace current tax system with a flat consumer tax.
Taxes February 2, 2023
Tax Season Got Off to a Rough Start in Oregon
The Oregon Department of Revenue sent personal tax refund info for 5,000 taxpayers to the wrong address.
Taxes February 2, 2023
Florida CEO Gets 32 Months in Prison for Tax Evasion
To conceal the fraud scheme from the second company and evade taxes on his income for those years, Cory invented fictitious owners, made false representations to his employer, and falsified emails and ...
February 1, 2023
From RMDs to Student Debt, SECURE 2.0 Offers a Lot
While the law contains nearly one-hundred new retirement provisions, following is a summary of some of the most notable changes ...