The IRS Return Preparer Office announced that it will mail practitioners a number of letters on Tuesday, Dec. 29:
Letter 5573 will go out to 2,500 return preparers reminding credentialed preparers to inquire about 1099-K income when they prepare Schedule C returns.
Deloitte auditors have been turning their attention to climate risks affecting clients who need to deal with a growing array of regulations and laws.
Experts say that busy entrepreneurs often miss incentives and advantages available to them. Financial advisors and tax professionals can give them a nudge.
The Internal Revenue Service's criminal investigators have been on the lookout for tax evasion by businesses that don't pay employment taxes.
After a decade-long effort by holders of the personal financial specialist credential, aspiring candidates can be tested on investments, retirement plans and other areas.
The Internal Revenue Service previewed a draft form for crypto brokers for reporting on the proceeds of digital asset transactions to their customers.
Seventeen percent of comment forms in 2021 and 2022 contained auditor evaluation deficiencies, according to the PCAOB.
