Will penalty relief be extended?
The recently announced late filing relief was extended to millions of returns from 2019 and 2020. If late filed returns are filed by Sept....
Security Summit: Tax pros can help clients battle identity theft risk
The Security Summit partners today concluded a special summer education campaign by outlining steps tax professionals can take to help clients from becoming statistics...
IRS penalty relief coming next month
To provide further relief to taxpayers and the IRS alike, penalty relief will begin taking effect next month. The IRS has been massively underwater,...
AICPA expresses concerns on Notice 2022-36
Following an announcement last week that the Internal Revenue Service (IRS) would offer penalty relief to taxpayers for taxable years 2019 and 2020, the...
AICPA urges IRS to address backlog ahead of 2023 tax year
Throughout the pandemic, the American Institute of CPAs (AICPA) continuously urged actions by the Internal Revenue Service (IRS) to address taxpayer service challenges worsened...
Combined Federal State filing program (CF/SF) and filing information returns electronically
ATTENTION: Payroll Industry, Tax Professionals, Small Business and Self Employed, Tax Exempt and Government Entities, Financial Institutions
Effective Sept. 25, if you would like to...
IRS video conferencing next in queue?
A recent Accounting Today article covered the announcement from the Government Accountability Office this past week that the IRS would begin instituting video conferencing...
Kentucky storm, flooding victims now eligible for tax relief
Storm victims in parts of Kentucky now have until Nov. 15, 2022, to file various individual and business tax returns and make tax payments,...
The extension crisis and the IRS slowdown
If you feel you have filed more extensions this past filing season than in any of your previous years in practice, you are not...
Should you prepare your clients for an audit?
Firms around the country raced to beat the clock to get returns and extensions filed last week. But will that be the last time...
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5 things your clients should know about WOTC
What if you could help your small business clients save money on their taxes and better compete for workers in a very tight labor...
IRS extends relief to Puerto Rico following Hurricane Fiona
Hurricane Fiona ripped through Puerto Rico this past week, leaving many without power and causing damage across the island. The last thing on most...
Survey says: US tax executives lean into technology
US tax executives’ top goal for their tax departments in 2022 is planning for domestic and global tax changes, according to BDO’s "2022 Tax...