Tax

Plus, Taxaroo touts AI tax advice solution as ChatGPT for Taxes; Paystand rolls out new AR and AP tools; and NetSuite saunches NetSuite MyLearn.

The IRS system will be down for most of the morning for routine maintenance.

Some professionals are predicting that the IRS will start looking more closely at the willful versus nonwillful standard in filing the form late or incorrectly. 

DisLoyal; six is enough; prime fraud; and other highlights of recent tax cases.

Every year without fail, cybercriminals take advantage of tax season to steal money from innocent people trying to be good citizens.

The EU is appealing a defeat inflicted by a lower court that overturned a decision to force the ecommerce firm to pay back $265 million of tax breaks regulators had deemed unfair. 

The agency had scaled back audits of all taxpayers between 2010 and 2019, with the total audit rate falling to 0.25% from 0.9%.

Federal stimulus payments may have helped many taxpayers make it through the first year of COVID, but they also were a huge source of errors on tax returns.

Practitioners are mostly advising clients to 'wait and see' what happens with tax legislation.

The service is largely blaming third-party promoters, but it's putting some of the burden of fixing the problem on tax preparers.