Tax

The Internal Revenue Service issued its annual notice providing rates for taxpayers to use in substantiating the amount of ordinary and necessary expenses they've incurred while away from home.

The Internal Revenue Service added new information to its FAQ page on the tax rules surrounding the use of coronavirus funds for mortgage insurance and home purchases.

The service is giving companies and tax professionals another year to fix up their claims for the research and development tax credit.

The Treasury Inspector General for Tax Administration said the IRS implemented several cloud services without having a fully implemented security control infrastructure in place.

The IRS is pushing deadlines out to Feb. 15 for those impacted in Florida.

Plus, Intuit announces new commerce accounting capacities for QuickBooks; Avii offers new core and enhanced versions of Avii Workspace; and other updates from the accounting technology world.

Many businesses have team members across state lines, and you may have clients with remote employees in other states. Payroll can get confusing and tricky in those situations!

FATCA was designed to go after wealthy Americans keeping money overseas to avoid taxes, but is also ensnaring regular people living abroad.

No more flying Coach; under the bar; last scheme in Clarksville; and other highlights of recent tax cases.

The Top 10 Firm is expanding its corporate tax practice.