IRS to halt ERC Claims
The final execution date has been set for filing ERC claims and amended returns. Amidst a huge backlash of false claims, corrupt pop-up credit...
AICPA releases statement on IRS announcement concerning ERC Mills
Following an announcement by the Internal Revenue Service (IRS), the American Institute of CPAs (AICPA) released its response.
AICPA President and CEO, Barry Melancon, CPA, CGMA, says, the latest initiative...
Tax firms still behind
In more than one interview in the last couple weeks, more than one candidate described their current work environment in a way that I...
Tax outsourcing – benefit or bust?
The tax preparer shortage is starting to look like a long-term drought with continued rise in workload and decline in accounting graduates. It has...
IRS sets guidance on state tax payments
The Internal Revenue Service (IRS) has provided guidance on the federal tax status of refunds of state or local taxes, and certain other payments made by...
New on the dirty dozen? Installment sales
Every year the Internal Revenue Service (IRS) releases its list of the “dirty dozen” tax strategies that are shaky to say the least. While...
IRS set to go paperless by 2025
Don't look now, but the Internal Revenue Service (IRS) is going paperless. The “Paperless Processing Initiative,” which expects to take place by 2025, is...
Is the 1099-K ledge still coming?
As most practitioners are aware, the legislation addressing threshold changes to Form 1099-K was postponed last year. Form 1099-K is issued by payment processors...
Did you miss PCI compliance?
Intuit didn’t miss a beat sending out final reminders to QuickBooks users who are processing payments using the Intuit systems. If you didn’t get...
AICPA pushes for more ERC accountability following Hill committee hearing
For the last two years, the American Institute of CPAs (AICPA) has diligently and consistently advocated on behalf of taxpayers and CPAs to the Internal Revenue...
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Adjustments sought for R&D Tax Credit Form
There are changes coming to certain sections of Form 6765, Credit for Increasing Research Activities—the document used by taxpayers to claim the research and...
AICPA requests IRS contingency plan in case of government shutdown
The American Institute of CPAs (AICPA) submitted a letter to the Department of the Treasury, the Internal Revenue Service (IRS) and Congressional leadership requesting the release of the...
Fearing the future: Where firms are falling behind
This past weekend, Botkeeper hosted AI Unchained in Boston. The three-day event was centered around technology for accountants and bringing your practice to the next level....