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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
Manchin Won’t Back Werfel to Lead IRS as Feud with White House Continues
Joe Manchin called Daniel Werfel “supremely qualified” but has “zero faith” he would have autonomy in the post.
How the Inflation Reduction Act Impacts Corporate AMT and Bonus Depreciation
The Inflation Reduction Act reintroduces the corporate AMT, but with major changes, and it only applies to certain corporations, but a company only needs to pass the book income test once to be subject to AMT.
IRS Warns of New W-2 Scams
The IRS is working with payroll companies and large employers to verify W-2 information in light of these scams.
Senate Committee Approves Werfel Nomination to Head IRS
His nomination was approved by the committee on a 17-9 bipartisan vote. The full senate will now vote on his confirmation.
IRS Criminal Investigation is Asking Taxpayers to Slam the Next Scam
During National Consumer Protection Week, March 5-11, IRS-CI will share information on its social media about tax scams.
Average Tax Refund is Down 11% From Last Year, IRS Says
IRS statistics for the week ending Feb. 17 show the average refund is $3,140, down 11.2%, or $396, from last year.
The Tax Blotter – March 2023
Generally, small business owners who use their automobile for business driving are entitled to deduct expenses based on the vehicle’s use, but there are plenty of twists and turns along the way.
This is the One Easy Tax Credit Many U.S. Workers are Overlooking
Just 49% of workers know about the credit, which can help them save for retirement and lower their taxes, a survey found.