Taxes October 28, 2022
Douglas O’Donnell Named Acting IRS Chief
An IRS lifer, Douglas O’Donnell most recently was deputy commissioner for services and enforcement.
Taxes October 27, 2022
IRS Gets Jumpstart on Hiring for Next Tax-Filing Season
The IRS has hired 4,000 new customer service reps to answer phones and provide other services, with more on the way.
Taxes October 19, 2022
IRS Announces Inflation Adjustments, Tax Brackets for 2023
The tax year 2023 adjustments released by the IRS generally apply to tax returns filed in 2024.
October 14, 2022
How IRS Changes Impact the Tax and Accounting Profession
The IRS is about to expand by hiring 87,000 more agents via the newly signed into law Inflation Reduction Act.
October 14, 2022
IRS Sending Letters to 9 Million Americans Still Eligible for Stimulus Payments, EITC, and Child Tax Credits
The IRS is sending letters to more than 9 million individuals and families who appear to qualify for a variety of key tax benefits but did not claim them by filing a ...
October 13, 2022
Hurricane Ian and Taxes: How CPAs and Tax Pros Can Help Their Clients
With the IRS providing tax relief for victims of Hurricane Ian, CPAs and other advisors are likely to get hit with questions. Here’s everything you need to know to help your impacted clients get the financial relief they need.
Taxes October 10, 2022
IRS Finds 79 Criminal Fugitives in Central America in First Year of New Program
Eight of those fugitives have been apprehended to face criminal proceedings or sentences.
Taxes October 7, 2022
October FBAR Extension Deadline is Fast Approaching
Filers who missed the April 15 due date received an automatic extension until Oct. 15, 2022, to file the FBAR.
October 5, 2022
IRS Employees Face Prison Time for Defrauding COVID-19 Relief Programs
The five people charged allegedly used PPP or EIDL funding to buy cars, luxury goods, and for personal travel.
September 30, 2022
IRS Warns of Huge Increase in Scam Texts
So far in 2022, the IRS has identified and reported thousands of fraudulent domains tied to multiple MMS/SMS/text scams (known as smishing) targeting taxpayers.
September 30, 2022
Hurricane Ian Victims Granted Tax Extensions
Hurricane Ian victims throughout Florida now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments.