Taxes
What the Next Generation of Tax Pros Wants From the Profession
The next generation of tax professionals are at a different place in their lives and careers than the owners of the firms they are applying to.
Were FBI Directors Comey and McCabe Targeted for IRS Audits?
The coincidence is so great that the IRS commissioner asked the department’s inspector general Thursday to investigate, after the audits were uncovered by The New York Times.
NYU School of Professional Studies to Host Summer Tax Conferences
This popular tax conference series is designed to benefit attorneys and accountants seeking to refresh their knowledge and learn more about the latest developments in legislation and regulations.
New Jersey CPA Admits to Concealing $147,000 From the IRS
William Kawam, 57, of Hewitt, N.J., pleaded guilty on June 30 to charges of subscribing to false tax returns and conspiracy to defraud the U.S.
Is a ‘Big Business Payroll Tax’ Coming to Your City?
Seattle's tax requires businesses with at least $7 million in annual payroll to pay between 0.7% and 2.4% on salaries and wages paid to Seattle employees who make at least $150,000 per year.
IRS ETAAC Committee Sends Report to Congress
The 2022 report groups a total of five recommendations into two sections: recommendations to Congress and recommendations to the IRS.
The Evolution of Nexus and its Implication for Income Tax
Although Wayfair was strictly a sales tax case, states have also begun to assert economic nexus for income tax purposes. Unlike sales tax, currently only a handful of states...
Taxpayers with Balances Due Have Been Put on Notice By the IRS
The CP14, which is required by law to be issued within 60 days after the IRS assesses a tax liability, is the most common IRS notice sent to taxpayers, according to the Taxpayer Advocate Service, and requests payment within 21 days. The reason why taxpayers have a balance due can be related to a number of issues, such as failing to report some income or failing to pay a balance in full, Tiffany Gonzalez, CPA, CEO of Miami-based accounting firm Accounting to Scale, stated last week on LinkedIn.