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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
AICPA Says FBAR Deadline Should Match Disaster Relief Deadline Extensions
The AICPA recommends that FinCEN adopt a policy of automatically granting FBAR filing postponements to coincide with the relief provided by the IRS when the IRS grants postponements
Treasury: IRS Could Collect $561 Billion in Revenue Thanks to Inflation Reduction Act
However, Treasury warned that if $20 billion is cut from the IRS’s funding allotment, it would reduce revenues by over $100 billion.
Tax Relief for Fire Victims Clears Major Hurdle with House Vote
The measure was approved 357-70 by the House of Representatives as part of a bipartisan tax deal that included fire victim tax relief.
IRS Says It Won’t Change Decision to Tax Minnesota Rebate Checks
The state’s rebates didn’t fall under the category of general welfare or disaster relief, both of which can be excluded from federal taxes.
Trump Tax Leaker Gets 5 Years in Prison
Charles Littlejohn had pleaded guilty to stealing Donald Trump’s tax records from the IRS and leaking them to the New York Times.
IRS Chief Gives a Shout-Out to Tax Professionals as 2024 Filing Season Begins
IRS Commissioner Danny Werfel had a message today for all tax professionals as they embark on another filing season: Thank you.
IRS Starts Accepting Returns and Extends Hours at Tax Assistance Centers
2024 Tax Refund Calendar: How to Estimate When You May Receive Your Refund.
IRS-CI to Host ERC Seminars for Tax Professionals
The sessions held in February aim to ensure that tax professionals have the latest ERC information and understand ERC eligibility criteria.