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
IRS Gives Farmers and Ranchers More Time to Replace Livestock Sold During Drought
Farmers and ranchers who previously were forced to sell livestock due to drought, like the drought currently affecting much of the nation, have an extended period of time in which to replace the livestock and defer tax on any gains from the forced ...
Avalara Enhances Cloud-Based TrustFile Sales Tax System
If you prepare the sales taxes for a small business and it's turning into a headache, Avalara's newly-released update to TrustFile may give you relief. Sales tax technology developer Avalara has released a major update to the cloud-based TrustFile sales t
‘Tis the Season… For Income Tax Planning
While most Americans are thinking about football season, the MLB baseball playoffs, the coming NBA season, hockey or the upcoming holidays, savvy financial professionals are advising taxpayers to think about their taxes.
IRS Giving Up on Some Deliquent Tax Cases Too Fast, Report Says
The Internal Revenue Service (IRS) may be missing opportunities to collect delinquent taxes because it is not always completely researching cases before closing them as uncollectible. That is the finding of a new report publicly released today by the...
New UltraTax CS Features Support Electronic Signatures
Thomson Reuters confirmed today that UltraTax CS will provide an eSignature offering for the upcoming tax season.
AICPA Concerned About Electronic Signature Standards for Remote Transactions
The AICPA is concerned that current electronic signature standards for “remote transactions” are not strong enough to protect taxpayers’ confidential information.
AICPA Asks IRS for Improved Guidance on Estate and Trust Taxation, Net Investment Income Tax
The American Institute of CPAs has submitted comments to the Internal Revenue Service (IRS) and Department of the Treasury relating to the issue of material participation by a trust or estate in a trade or business for purposes of section 469 of the Internal Revenue Code. The AICPA explained that section 469, which was enacted […]
IRS Concedes Defeat on Circular 230 Contingent Fees
The IRS has decided it won’t appeal a recent court ruling handed down in favor of Ryan, a global tax preparation services firm, that invalidates and permanently enjoins the IRS from prohibiting such arrangements for refund claims and amended returns.