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...
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...
IRS strategic plan released
The IRS released its most recent strategic operating plan earlier this month. The plan is a milestone for newly appointed commissioner, Danny Werfel, and...
IRS warns of filing season scams involving Form W-2 wages
The Internal Revenue Service (IRS) issued a consumer alert today to warn taxpayers of new scams that urge people to use wage information on...
TPN Rewind: New data security plan will help tax professionals
A special new sample security plan designed to help tax professionals, especially those with smaller practices, protect their data and information is on the...
Taking the ERTC legitimately
The Internal Revenue Service (IRS) has made it clear that crackdowns on ERTC abuse are coming. Hundreds of “pop-up” shops around the country are...
You can respond to notices electronically now
The Internal Revenue Service (IRS) recently added an exciting new feature. Certain notices now can be responded to by uploading documents.
Tax preparers everywhere rejoice!...
Latest article
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....