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Due to a software glitch, some TurboTax customers were inappropriately encouraged to take deduction choices resulting in higher taxes.
May 3 -
The Internal Revenue Service's Direct File pilot program officially closed Friday, after 140,803 taxpayers used it in 12 states.
April 26 -
Thomson Reuters announced the release of CoCounsel, a generative solution within Checkpoint Edge meant to help tax professionals with complex research.
April 24 -
BEPS Pillar Two will affect a significant number of companies by establishing an effective global minimum tax rate of 15%.
April 22Insightsoftware -
Internal Revenue Service commissioner Danny Werfel testified at a hearing of the Senate Finance Committee to discuss this past tax season and the proposed budget for carrying out the agency's future plans.
April 16 -
The Internal Revenue Service is getting ready for an onslaught of tax returns arriving by Tax Day, though many taxpayers will be eligible for automatic extensions due to natural disasters.
April 12 -
The free tax program will now import a taxpayer's information from the previous year, as a report finds the program could cost the IRS considerably more than the estimated $249 million per year to maintain.
April 9 -
The Treasury reported increasing usage of the free tax-filing system that they've been pilot testing in a dozen states this tax season.
April 8 -
Companies using artificial intelligence have a long way to go before people will fully trust them to help with their taxes, according to a recent poll.
April 3 -
Bloomberg Tax and Accounting released Bloomberg Tax Workpapers, which focuses on data, controls and calculations for tax preparation.
March 18