Taxes November 7, 2022
Treasury, IRS Expand Program for Approving Retirement Plans
The IRS will now allow 403(b) retirement plans to be covered by the program, it was announced today.
Taxes November 7, 2022
IRS Appeals Office Sets Priorities for the Coming Year
The IRS Independent Office of Appeals has outlined taxpayer service initiative expected in 2023.
Taxes November 7, 2022
What Retirement Savers Need to Know About 2023 IRA Contribution and Income Limits
Here’s what workers should keep in mind about the most recent adjustments from the IRS.
Taxes November 7, 2022
Ford Urges Broad Interpretation of EV Tax Credits
Ford responded to Treasury Department request on how it should implement the new consumer tax credits.
Taxes November 3, 2022
IRS Criminal Investigation Had 90% Conviction Rate in FY 2022
IRS-CI carried out more than 2,550 criminal investigations during its most recent fiscal year, according to a report.
Taxes November 3, 2022
Tax Preparers Have Until Dec. 31 to Renew Their PTINs for 2023
The fee to renew or obtain a PTIN is $30.75 for 2023, according to the IRS.
Taxes November 3, 2022
IRS Seeks Feedback on Soon-to-Be Released Energy Credit Guidance
The comments will help the IRS draft rules most reflective of the needs of taxpayers entitled to claim energy credits.
November 1, 2022
Count LTCI Premiums for Medical Deduction
You can add the cost of premiums to the amount you need to surpass the deduction threshold for medical expenses. But the IRS strictly limits the amount you can write off for LTCI insurance each year.
Taxes November 1, 2022
Supreme Court Grants Trump Delay on Release of Tax Records to Congress
Chief Justice John Roberts paused a long legal battle over House Ways and Means’ access to Trump’s tax records.
Taxes October 31, 2022
Trump Asks U.S. Supreme Court to Block Disclosure of His Tax Returns
Ex-president is trying to stop the IRS from giving the House Ways and Means panel six years' worth of his tax returns.
Taxes October 31, 2022
Tax Gap Continues to Get Worse, IRS Says
An analysis of tax years 2014 through 2016 showed the estimated gross tax gap increased to $496 billion.
Accounting October 31, 2022
AICPA News – Nov. 1, 2022
AICPA News is a round-up of recent announcements from the American Institute of CPAs (AICPA).