IRS
Projected 2023 Income Tax Rates
Inflation adjusted amounts in the tax code will increase by roughly 7.1% from 2022, more than double last year’s increase of 3%, according to the 2023 Projected U.S. Tax Rates forecast.
Taxpayer Advocate Wants to Improve Taxpayer Experience at IRS
The NTA outlines the most time-sensitive priorities for the IRS in part one of her NTA Blog which focuses on eliminating the backlog of processing paper ...
The Work Opportunity Tax Credit for 2022 (WOTC)
The latest extension—approved as part of the Consolidated Appropriations Act (CAA)—continues the WOTC for a five-year period.
Tax Issues with Student Loan Forgiveness
Generally, the income is taxable in the year that the forgiveness or cancellation occurs. The creditor will
Arranging a Tax-Favored Installment Sale
With this tried-and-true tax planning technique, you can defer the tax over several years, usually reducing the overall tax bite.
IRS Exposed Confidential Data on 120,000 Taxpayers on Open Website
The Internal Revenue Service mistakenly published confidential data for 120,000 taxpayers on its website before realizing the error and taking down the data, the Treasury Department said.
Bloomberg Tax Adds Research on the Inflation Reduction Act of 2022
The new Inflation Reduction Act of 2022 Watch Page covers key tax provisions, including extension of the expanded Affordable Care Act health plan premium assistance
AICPA CEO Says Claims of a Militarized IRS are Misleading Myths
In a statement, AICPA president and CEO, Barry Melancon, CPA, CGMA, addressed various false claims about militarization of the agency ...