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
IRS report on tax-exempt colleges cites ‘significant compliance issues’
The Internal Revenue Service today released its final report summarizing audit results from the IRS’ colleges and universities study, which began in 2008. This final report describes the agency’s multi-year project on a major segment of tax-exempt organizations.
Profits are easier when you take the T out of EBITDA
SeaWorld won't pay income taxes for years
Are some California residents leaving state over high taxes?
Why retirees are the most likely residents to flee high state taxes...
The Hidden Wallet: 5 things owners buy with a secret stash of cash
Most business owners buy annual tax and assurance services from their accountant easily enough, but when it comes to investing in business advice, owners can be hesitant. Entrepreneurs reckon they know their business better than anyone and many take the attitude “if it ain’t broke, why fix it?”
IRS Improving at Collecting Taxes, but Oversight Agency Says Changes are Needed to Ensure Balance and Effectiveness
The most recent estimate of the Tax Gap is $385 billion, and the the Internal Revenue Service needs to do more to collect those funds, according to a new report. The Tax Gap is the amount of taxes the agency estimates is owed, but is not reported or paid by U.S. taxpayers each year.
TIGTA Finds Improvements Needed to Performance Measures for IRS Collection Program
The Treasury Inspector General for Tax Administration released a new report that showed several favorable trends among the IRS’s performance measures for its Collection Program. The performance measures help IRS managers make decision about how to fund and allocate resources to collect the estimated $360 billion from taxpayers who owe but have not paid taxes […]
Bookkeeper charged with theft of $170,000; Allegedly used money for breast implants
Woman bought breast implants after stealing $170,000 from employer, deputies say.
Survey shows half of U.S. high school seniors don’t understand cost, terms of college student loans
Credit Union Survey Suggests Future College Graduates Will Face Massive Unintended Debt