Taxes March 4, 2025
Latest IRS Numbers Show Tax Refund Amounts Are Up
The IRS reports the average tax refund in 2025 is up $240 through the week ending Feb. 21, with more than 42 million returns processed so far.
Taxes March 3, 2025
AICPA Pushes Back on Treasury Final Regulations on Related-Party Basis Adjustment Transactions
In its latest comment letter, the AICPA urges immediate suspension and removal of the final regulations due to the impractical provisions and administrative burdens it imposes.
Technology March 3, 2025
Wolters Kluwer Enhances Form 5330 E-Filing Capabilities
Wolters Kluwer has rolled out new enhancements that allow businesses to electronically file Form 5330 with the IRS from ftwilliam.com, Wolters Kluwer's employee benefit and pension software.
Technology March 3, 2025
April Tax Software Now Licensed to E-file in All 50 States
The embedded tax software provider said it has secured the necessary e-file licenses to enable Americans to electronically file in all 50 states, becoming the first new nationally licensed e-file provider in more than 15 years.
Small Business March 2, 2025
Treasury Department Suspends Enforcement of BOI and Corporate Transparency Act
The Treasury Department announced March 2 that it will no longer enforce the Corporate Transparency Act or the associated beneficial ownership information reporting requirements.
Taxes February 28, 2025
2025 Tax Refund Schedule – When Will You Get Your IRS Refund? – Updated
Still waiting on your 2025 income tax refund? This chart can help you estimate when you will receive your refund, even with the changes at the IRS.
Small Business February 28, 2025
Avalara Announces Integration for Salesforce Revenue Cloud on Salesforce AppExchange
Avalara, Inc., a provider of tax compliance automation software, has released its updated connector for Salesforce’s Revenue Cloud, now available on Salesforce AppExchange, a leading enterprise cloud marketplace.
Taxes February 28, 2025
Over 100 IRS Taxpayer Assistance Centers’ Futures Are in Doubt After Tax Season
More than 100 IRS offices that host taxpayer assistance centers appear to be on the chopping block as the Trump administration continues efforts to cut waste from the federal government. But any closures likely won't take place until after tax season.
Taxes February 28, 2025
Florida Man Guilty of Promoting Illegal Tax Shelter and Stealing Client Funds
A Florida man pleaded guilty today to orchestrating a nearly decade-long scheme to promote an illegal tax shelter and commit wire fraud. He also pleaded guilty to assisting in the preparation of false tax returns for tax shelter clients.
Taxes February 28, 2025
The Dirty Dozen IRS Tax Scams to Watch for in 2025
Each year, the Internal Revenue Service puts together a Dirty Dozen list warning taxpayers, businesses, and tax professionals of tax scams to watch out for, and common schemes that threaten their tax and financial information.
Taxes February 28, 2025
Farmers and Fishermen Face March 3 IRS Deadline
Most farmers and fishers who chose to forgo making estimated tax payments by January that they must generally file their 2024 federal income tax return and pay all taxes due by March 3, 2025.
Taxes February 28, 2025
Where’s My Refund? IRS Offers App and Online Tool to Track Refunds
Taxpayers who file electronically can typically use the Where’s My Refund? tool to check the status of a tax refund within 24 hours of filing. It takes about four weeks for the same information to be available for those filing paper returns.