Income Tax

The bill would allow taxpayers to automatically qualify for an extension without fear of penalty by paying a simple, easily-calculated amount of 125 percent of their prior year’s tax liability.

New Jersey is home to the nation’s highest property taxes, with the average bill hitting a record $9,490 in 2022.

Colorado’s cannabis entrepreneurs face a perfect storm of problems: too much supply, not enough demand, plunging prices, heightened competition in other states and ...

As the IRS plans to prioritize providing additional guidance as stated in the IRS Strategic Operating Plan, the AICPA encourages the IRS to issue guidance on recommended areas.

Expect to see a bigger push for digital automation. This is not a new phenomenon — but rather one that will be recognized for the true advantage it brings. 

Deena Vang Lee, a former IRS employee in Fresno, CA, and private tax preparer, received four years and six months in prison.

Adhere strictly to the substantiation rules for charitable donations. A deduction worth thousands of tax dollars could be at stake.

Domestic content is generally defined as steel, iron or manufactured products that are manufactured or produced in the United States.