Taxes
Webinar: Get Tax Ready! How AI is Solving Source Document Gathering
New innovation leveraging AI will streamline the source document gathering process and make features such as automatically generated Document Request Lists (DRL), automatic identification and labeling of client uploaded documents, and dynamic custom questionnaires available and easy to use.
Webinar: What to Expect in the Upcoming Tax Season
Are you ready for the upcoming tax season? From updates to the Inflation Reduction Act to expanded e-filing requirements for businesses, our speakers will help you be informed and ready for the new year.
IRS Gives Employers ‘A Way Out’ if They Filed an Improper ERC Claim
The IRS on Thursday offered steps small businesses can take to cancel their tax credit claim if they have doubts about its legitimacy.
Taxpayer Interest in IRS’s Direct File Program May Have Been Exaggerated
Their willingness to use the Direct File program may be overstated because of the survey the IRS used to gauge their interest, TIGTA says.
IRS to Try Out Its Free E-Filing Tax Return Program in 13 States Next Year
The IRS on Tuesday unveiled more details about Direct File, the agency’s free online tax filing program that is debuting in 2024.
IRS Gives California a Last-Minute Tax Deadline Reprieve
The IRS has given people in 55 of the state's 58 counties impacted by natural disasters last winter until Nov. 16.
So Far, the IRS Has Spent 2.5% of Its Inflation Reduction Act Money
As of June 30, the agency has spent approximately $1.95 billion of the nearly $80 billion it will receive over a 10-year period.
IRS Says Tax Gap Grew to $688 Billion in Tax Year 2021
The new estimate reflects a rise of more than $192 billion from the prior estimates for tax years 2014 to 2016.