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The service is cautioning taxpayers against claiming exaggerated deductions for purported donations of artwork, as it sees a rise in such schemes.
October 5
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The move comes as firms try to widen the pipeline of young people entering the accounting profession, especially from diverse backgrounds.
October 5
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The TE/GE Division didn't provide satisfactory answers to many of the questions it received from taxpayers, according to a new report.
October 5
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The service has been working hard to implement the dozens of tax provisions contained in last year's Inflation Reduction Act, according to a new report.
October 5
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Learning to use the Federal Reserve's new payment system can be a competitive advantage for firms.
October 5
Fortis -
The service is reducing the annual cost of a Preparer Tax Identification Number after a court ruled that the charge was too high.
October 4
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The 2022 law created two new credit delivery mechanisms, allowing governments, nonprofits and other entities to take advantage of the credits.
October 4
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Neither the IRS nor Congress has specifically addressed the tax deductibility of ransomware payments made to hackers, nor has FASB.
October 4
Marist College -
The worst five states for tax preparer scams averaged more than 32 million reported scams in 2023.
October 4
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Annual pay grew 5.9% year over year, as both job growth and wage growth slackened in September.
October 4
