The Internal Revenue Service has awarded roughly $9 million in matching grants to low income taxpayer clinics for the 2008 grant cycle, which runs from Jan. 1, 2008, through Dec. 31, 2008. LITCs are organizations independent from the IRS that provide low-income taxpayers with pro bono or nominal fee representation in federal tax controversies with the IRS. The clinics also provide tax education and outreach for taxpayers who speak English as a second language. IRS Publication 4134, Low-Income Taxpayer Clinic List, provides information on local clinics and contains details about the languages each clinic serves in addition to English. Through the LITC program, the IRS awards matching grants of up to $100,000 a year to qualifying organizations. For the 2008 grant cycle, the IRS awarded LITC grants to 154 organizations representing all 50 states, plus the District of Columbia, Puerto Rico and Guam.
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Paul Griggs, CEO of PwC, said they plan to adjust billing model to factor in AI, potentially without even a human professional in the loop, and added that if any humans have a problem with it they have no place in this firm.
March 20 -
AI can now do most of the boring work, which raises the question of what the humans will be doing. According to vendors featured during the IMA's Technology Showcase, the answer is reviewing the work the AI does.
March 20 -
More than 1.2 million taxpayers only have until April 15 to claim a total of approximately $1.2 billion in refunds for tax year 2022.
March 20 -
Plus, EY announces new software development model; SAP touts new integrations, features for Concur; and other accounting tech news and updates.
March 20 -
The unit will now be renamed Threadline Wealth, backed by investment from the Cynosure Group, and have $5.8 billion in client assets under management
March 20 -
Weaver names pair of tax partners; RubinBrown appoints assistant managing partner; and more news from across the profession.
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