Tax prep software

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.

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.

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.

The Treasury reported increasing usage of the free tax-filing system that they've been pilot testing in a dozen states this tax season.

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.

Bloomberg Tax and Accounting released Bloomberg Tax Workpapers, which focuses on data, controls and calculations for tax preparation.

Wolters Kluwer announced that its solution support the global minimum tax in accordance with OECD Pillar II requirements.

The pilot program is expanding in the 12 states where it's available.

The company's Solopreneur Accelerator program will provide tax and accounting services to people who work for themselves.

Plus, Baker Tilly solution helps find clean energy credits; and other updates from the accounting tech world.