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.
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.
Taxes December 14, 2022
Billionaire Ken Griffin Sues IRS Over Leaked Tax Records
His income and taxes were reported by ProPublica along with similar information for hundreds of wealthy Americans.
Taxes December 12, 2022
IRS Lays Out New Rules for Makers, Sellers of Clean Vehicles
The processes in the new guidance are required for vehicles to be eligible for one or more clean vehicle tax credits.
Taxes December 7, 2022
Tax Refunds May Be Smaller in 2023, IRS Warns
The lack of stimulus payments in 2022 will play a key role, according to the IRS.
Taxes December 7, 2022
Psychiatrist Gets 18 Month Prison Sentence for Tax Evasion
The professional failed to pay taxes and filed and caused to be filed with the Internal Revenue Service false and fraudulent tax returns that included false statements ...
Taxes December 6, 2022
Following Tax Court Defeat, IRS is Still After Syndicated Conservation Easements
Proposed regs issued today identify certain syndicated conservation easement transactions as “listed.”
Taxes December 2, 2022
IRS Updates FAQ on Unemployment Compensation Exclusion
The American Rescue Plan Act of 2021 provided relief to those receiving unemployment compensation in 2020.
Taxes November 30, 2022
Treasury Releases Labor Rules for Clean Energy Tax Credits
The Inflation Reduction Act invests $369 billion toward tackling climate change through clean energy initiatives.
Taxes November 29, 2022
IRS Increases Interest Rates for Q1 2023
For individuals, the rate for overpayments and underpayments will be 7% per year, up from 6%.
Taxes November 29, 2022
IRS: Don’t Fall for Scams on Giving Tuesday
Be aware of scammers using fake charities to commit fraud on well-intentioned donors.