by Taxing Subjects | Sep 22, 2023 | Tax Tips and News
As of last week, the Internal Revenue Service (IRS) has taken decisive action to address concerns regarding the improper filing of Employee Retention Credit (ERC) claims, announcing a moratorium on new claims through at least the end of the year. This decision is...
by Taxing Subjects | Sep 16, 2023 | Tax Tips and News
The Internal Revenue Service says it’s about to move its main audit spotlight from the everyday working-class individual taxpayer to those engaged in high-income activities. Now on the audit radar: high-income earners, partnerships and large corporations, and...
by Taxing Subjects | Sep 11, 2023 | Tax Tips and News
By Matt Jagst, Drake Software Head of Product For many tax and accounting firms, methods of client interaction changed dramatically in the spring of 2020. Firms accustomed to having their clients visit the office to serve them face-to-face had to switch to a...
by Taxing Subjects | May 25, 2023 | Tax Tips and News
The Internal Revenue Service is moving ahead with a program that will offer taxpayers a new option for filing their 2023 returns next year. Dubbed “Direct File,” a scaled-down version of the full program will allow taxpayers to file online for free, using an IRS-run...
by Taxing Subjects | May 5, 2023 | Tax Tips and News
The Internal Revenue Service says it has almost $1.5 billion in leftover tax refunds for 2019 taxpayers who haven’t filed—but the time remaining to claim this money is slipping away. According to the agency, as many as 1.5 million taxpayers could benefit from the...
by Taxing Subjects | Apr 24, 2023 | Tax Tips and News
Every year, CPA Practice Advisor asks readers to vote on the technology—both software and hardware—they trust the most. Just one day before the individual filing deadline, the publication announced the results of its nineteenth annual Readers’ Choice Awards, which...
