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
Money Mule Networks Are on IRS Criminal Investigation’s Radar
Money mules are people who, at someone else’s direction, receive and move money obtained from victims of fraud.
Ex-IRS Commissioner Joins Tax Law Firm Chamberlain Hrdlicka
Charles Rettig, who served as IRS chief from 2018 to 2022, has joined the law firm's tax controversy and litigation practice.
Louisiana Doctor Gets 4 Years in Prison for Tax Evasion
Dr. Melissa Rose Barrett, of Baton Rouge, owed the IRS approximately $1.6 million in income taxes.
Miami Businessman Charged With Hiding Millions in Swiss Bank Accounts, Evading Taxes
Dan Rotta, who is accused of dodging taxes for decades using accounts at UBS and Credit Suisse, was granted a $15 million bond.
AICPA Asks IRS for Guidance on Excess Business Losses
IRC Section 461(l) disallows EBLs for taxpayers other than C corporations for tax years beginning after 2020 and before 2029.
IRS Names New Chief of Criminal Investigations
Guy Ficco will oversee a worldwide staff of more than 3,200 Criminal Investigation (CI) employees, including 2,200 special agents who investigate crimes involving tax, money laundering, public corruption, human trafficking, drug trafficking, cybercrime and terrorism-financing.
Bill on Alternate Path to CPA Licensure Gains Momentum in Minnesota Senate
The legislation, which moved to the state's Senate Finance Committee, would provide an option to licensure with 120 credit hours.
Why Businesses Shouldn’t Rely on AI-Powered Tax Prep Advice
A Washington Post investigation found TurboTax's and H&R Block's AI tools are not up to snuff.