Taxes
How to Develop a New Five-Year Plan for Your Company’s Tax Department
Businesses should take lessons from five years of transformation experiences to make a plan for the next half-decade.
New York CPAs Elect Liren Wei as President of State Society
Wei joined the NYSSCPA in 1994 and is a member of the Queens/Brooklyn Chapter, where he served as president, president-elect, and currently sits on the Executive Board.
IRS Warns of New Tax Refund Mail Scam
If you receive a cardboard envelope appearing to be from the IRS about an unclaimed tax refund, be cautious. It’s a scam.
IRS Has Improved Services, But Still Needs Work, Says Taxpayer Advocate
The IRS achieved an 85% level of service for telephone calls to its toll-free phone lines, according to the report, and Kiplinger previously reported that the IRS cut phone waiting times from 27 minutes to four minutes.
Supreme Court Strikes Down Student Loan Forgiveness Plan
About 26 million borrowers applied for relief. If put into effect, the program is projected to cost more than $400 billion.
Businesses Could Save Lots in Taxes Under House GOP Plan
The House GOP tax package indicates what’s to come if Republicans control Congress and the White House after 2024.
IRS to Mail Taxpayers in Disaster Areas CP14CL Notices
The new IRS mailing will go to taxpayers in states who received extended deadlines for the 2022 tax year due to natural disasters.
AICPA Recommends Changes to IRS Form 706-GS (D-1)
Form 706-GS(D-1) is used by trustees to report certain distributions from a trust that are subject to the generation-skipping transfer tax (GSTT).