November 1, 2022
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
Chief Justice John Roberts paused a long legal battle over House Ways and Means’ access to Trump’s tax records.
Taxes October 31, 2022
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
An analysis of tax years 2014 through 2016 showed the estimated gross tax gap increased to $496 billion.
Accounting October 31, 2022
AICPA News is a round-up of recent announcements from the American Institute of CPAs (AICPA).
Taxes October 28, 2022
An IRS lifer, Douglas O’Donnell most recently was deputy commissioner for services and enforcement.
Taxes October 27, 2022
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
The tax year 2023 adjustments released by the IRS generally apply to tax returns filed in 2024.
October 14, 2022
The IRS is about to expand by hiring 87,000 more agents via the newly signed into law Inflation Reduction Act.
October 14, 2022
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
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.