Taxes
Latest News
IRS-CI Releases Its FY 2024 Highlight Reel
AICPA Releases Statement on BOI Injunction, FinCEN Appeal
PCAOB Says Audit Firm Culture is Tied to Audit Quality
PCAOB Punishes New York Audit Firm, Three Partners for Deceiving Inspection Staff
Mortgage industry seeing highest job growth in 5 years
Mortgage employers expanded their monthly payrolls, making a significant gain over the past year. The last time mortgage staffing was this strong was during the George W. Bush administration.
Ohio Senate passes state budget
The Ohio Senate passed the two-year, $61.7 billion budget today along party lines, offering up tax cuts for business owners and more money for schools, including 13 of 16 in Franklin County.
Tim Cook Defends Apple’s Tax Accounting
Associated Press Video: Apple's CEO, Tim Cook is disputing assertions by a Senate panel that the company avoids billions of dollars in U.S. taxes by shifting profits to foreign affiliates. (May 21)
Pennsylvania group wants elimination of property tax
They revenue-neutral legislation proposes to eliminate school property taxes and raise the state income to 4.34 percent and sales taxes to 7 percent in its place.
IRS to cancel two e-Services products used by many tax professionals
IRS canceling Disclosure Authorization of Form 2848 and Electronic Account Resolution (EAR). Tax practitioners react strongly, petition the IRS to reverse course on e-Services scale back
New Florida law speeds up foreclosure process
In the week before Florida Gov. Rick Scott's deadline to sign a bill that would speed up the state's residential mortgage foreclosure process, bank employees flooded his inbox with a form letter urging his approval.
In Kentucky, not paying taxes can result in loss of drivers and professional licenses
Beginning July 1, Kentuckians who don't pay their state taxes can lose their drivers and professional licenses and their ability to register and license a vehicle.
New Oklahoma tax bill challenged by attorney as unconstitutional
Oklahoma City attorney Jerry Fent challenged a highly touted tax-cut bill Thursday. Fent filed suit with the Oklahoma Supreme Court alleging that House Bill 2032 violates the state Constitution because it contains more than one subject.