Income Tax
Latest News
Zone & Co Launches ZoneBilling AI Assistant
IRS Extends Tax Deadlines Until May For Helene Victims
Avantax Acquires SEP Financial Services
Sovos Launches Indirect Tax Suite for SAP, Enhances Clean Core Readiness
Mississippi Tax Preparers Sentenced to Prison for False Tax Return Conspiracy
A group of Mississippi tax return preparers were sentenced to prison on February 22, 2024, for charges related to a conspiracy to prepare and file false tax returns for clients in Jackson, Mississippi.
Let’s End Tax Break Giveaways for the Fat Cats of Pro Sports
Billions in tax-sheltered municipal bonds are sold to fund stadiums that enrich team owners while fueling federal deficits.
Arizona AG Asks Federal Court to Stop IRS From Taxing Family Rebate
Calling its actions illegal, Attorney General Kris Mayes is asking a federal magistrate to block the IRS from taxing last year’s rebate.
IRS Isn’t Raising Tax Interest Rates in Q2 2024
Starting on April 1, the rate for overpayments and underpayments for individuals will be 8% per year, compounded daily.
Corporate Jet Use by Super-Wealthy Is Latest IRS Crackdown Push
Audits this spring will look at where inappropriate deductions were made and where personal travel by jet wasn’t logged as income.
IRS Stresses It Will Issue More Refunds If Child Tax Credit Bill Passes
IRS Commissioner Daniel Werfel says parents don’t need to wait to file their 2024 tax return while the bill sits in the Senate.
$1,741 Is the Average Tax Refund So Far, IRS Says
The average tax refund is down more than 20% over last year, according to the latest statistics from the IRS.
How Work From Home Will Save More Small Business Owners on Taxes This Filing Season
As more entrepreneurs embrace remote and hybrid work, they are making sure to write off their home office—but know the rules first.