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AICPA Auditing Standards Board Approves Revisions to Attestation Standards
Updated CPA Pipeline Report Show Top Reasons Some Decide Not to Pursue Credential
Biden Seeks to Bolster Solar Manufacturers With Tax and Trade Moves
Global Minimum Tax: 3 Key Priorities for U.S. Multinationals
IRS Adds Security Protections for CAF Program, Transcript Requests
The risk a compromised CAF number presents to practitioners and taxpayers is prompting these additional security measures.
IRS: No Change in Tax Interest Rates for Q3 2024
Starting on July 1, the rate for overpayments and underpayments for individuals will be 8% per year, compounded daily.
IRS Increases HSA Contribution Limits for 2025
Beginning in January, you'll be able to contribute more to your health savings account, based on the IRS's latest inflation adjustments.
Ledgible Program Assesses a Company’s Readiness for 1099-DA Reporting
The new program follows the release of the draft Form 1099-DA for digital asset transaction reporting by the IRS last month.
IRS Chief: $400 Million in ERC Claims Have Been Withdrawn
During a House Appropriations subcommittee hearing May 7, Danny Werfel gave lawmakers an update on the tax credit's status.
The Next Tax Deadline is May 15 for Tax-Exempt Orgs
While the April 15 tax deadline for most Americans to file their individual annual tax returns has passed, there are several deadlines each year, some for individuals, businesses, nonprofits and even organizations that are tax-exempt.
IRS Issues FAQs on Disaster Relief For Retirement Plans and IRAs
The FAQs are intended to assist individuals, employers, and retirement plan and IRA service providers, the IRS said.
More Rich Americans Will Soon Be Hit With an IRS Audit, Werfel Pledges
But the IRS chief emphasized once again that audit rates won't increase for small businesses and taxpayers making under $400,000.