Tax prep software

Thomson Reuters announced the release of CoCounsel, a generative solution within Checkpoint Edge meant to help tax professionals with complex research.

BEPS Pillar Two will affect a significant number of companies by establishing an effective global minimum tax rate of 15%.

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.

The IRS is planning to offer its free tax prep system around the clock next week and open it to a larger group of outside testers.

The Internal Revenue Service is reopening access Tuesday to its Direct File free online tax prep system after temporarily closing it to new users.

The Federal Trade Commission filed a complaint against tax prep giant H&R Block accusing the company of deceptively marketing "free" online tax filing.

The Internal Revenue Service's Direct File pilot program has expanded beyond internal testing of its free tax prep system to taxpayers in a dozen states.

The Internal Revenue Service's Direct File free tax system has passed a key hurdle in the pilot test, passing muster with a dozen IRS employees successfully filing returns in as many states.

Intuit QuickBooks has introduced split billing for 1099s, which allows e-filing costs for 1099s to be split between accountants and their clients.

Republican attorneys general from 13 states have signed a letter denouncing the IRS pilot of a Direct File system, calling efforts unconstitutional.

The Internal Revenue Service showed off its upcoming Direct File free tax preparation service ahead of its pilot test in a dozen states starting in March.