Taxes
Latest News
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
Sales Tax Disputes Continue as Wayfair Sales Tax Decision Hits Six-Year Anniversary
Every state with a sales tax enacted an economic nexus law following the Wayfair decision, most within a matter of months.
IRS Offers to Settle With Certain Tax Avoidance Scheme Participants
The agency is looking to settle with some taxpayers under audit who participated in syndicated conservation easement deals.
IRS Paid Out $88.8M to Whistleblowers in FY 2023
The agency gave whistleblowers 121 awards for information attributable to $338 million in tax revenue being collected in fiscal year 2023.
4 Key Takeaways From the National Taxpayer Advocate’s Mid-Year Report to Congress
While the 2024 filing season generally ran smoothly, there are still several challenges impacting taxpayers, Erin Collins says.
IRS Says Sorry to Ken Griffin for Tax Data Leak
The IRS apologized to the billionaire founder of Citadel for failing to protect his tax information from being leaked to the press.
Number of the Day: $5.7 Billion
As of March 31, the IRS has spent $5.7 billion, or 10%, of the $57.8 billion it will receive from the Inflation Reduction Act, TIGTA says.
Trump’s Plan to Stop Taxing Tips Could Cost Up to $250 Billion
A bill introduced by Republican lawmakers would ax federal and employment taxes on tips, but doing so could come at a price.
Majority of Outstanding High-Risk ERC Claims Expected to Be Rejected
The review involved months of digitizing information and analyzing data since last September to assess a group of more than 1 million Employee Retention Credit (ERC) claims representing more than $86 billion filed amid aggressive marketing last year.