The official start to tax season

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The IRS announced that it would officially start accepting returns on January 23. The deadline this year falls on Tuesday, April 18, as the...

IRS selects 9 new IRSAC members for 2023

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The Internal Revenue Service has appointed nine new members to the Internal Revenue Service Advisory Council. IRSAC, established in 1953, is an organized public...

5 IRS red flags to avoid this season

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Audits versus no audits. That’s always the question. While nothing is ever a guarantee, most practitioners know that certain line items, or forms are...

IRS WISP Requirements

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There may not be significant new tax legislation coming down the pipeline this tax season compared to the last two years. The IRS is...

IRS Issues Last Minute TIN Relief for Non-US Banks

In another last minute announcement, similar to the one issued just before Christmas, the Internal Revenue Service issued a 12-page determination the last working day...

Meet the all new Form 7203

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S Corporations may take you a little longer this tax season. Form 7203 is now required for shareholders of S Corps. It is important to...

IRS Tax Forums: Save the Date

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Earn CE/CFP credits. Hear the latest on tax laws, cybersecurity, ethics, and much more. The "2023 IRS Tax Forums" will be held in-person, so...

AICPA Encouraged by IRS Decision to Delay 1099-K $600 Threshold Implementation

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The American Institute of CPAs (AICPA) released a statement following an announcement by the Internal Revenue Service (IRS) delaying the implementation of the $600...

AICPA expresses ‘deep concerns’ regarding Form 1099-K reporting threshold

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In a letter to Congressional leadership of the Senate Finance Committee and the House Ways and Means Committee, the American Institute of CPAs (AICPA)...

IRS is recruiting volunteers nationwide to help taxpayers this filing season

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Last year, more than 58,000 Internal Revenue Service (IRS) volunteers gave back to their communities by preparing more than 2.2 million federal income tax...

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Why tax efficiency is a top concern

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We recently marked the official opening of the 2022 return filing season. The IRS began accepting returns on Jan. 23. As per usual, not...

3 ways to encourage creativity in your practice

Accountants tend to think in black and white. Maybe it is the world of numbers and rules we live in all day. But when...

Your 1099-K update here

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The much-anticipated 1099-K changes have been delayed by a year. Anticipated is used with a grain of salt as many practitioners were dreading the...