NYCPA News and Blogs

The IRS has issued fewer refunds so far this year than it had at the same time last year, CPA Practice Advisor reported. By…

The IRS accepts most tax returns, while identifying some for closer examination for various reasons, including random…

As the IRS's Direct File pilot program opens on March 12 for eligible New Yorkers, the state will launch a similar program…

The artificial intelligence (AI) chatbots provided by TurboTax and H&R Block for tax advice were unhelpful or wrong as…

The corporate tax cuts signed into law by President Donald Trump in 2017 significantly increased investment in the U.S.…

The IRS reminded taxpayers who may be entitled to a COVID-19-era rebate from 2020 that they only have until May 17 to file a…

After weeks of testing, the IRS's new government-run website for free tax filing, Direct File, is now open for the rest of…

The IRS has announced a new initiative to focus on high-income taxpayers who have failed to file federal income tax returns…

The IRS announced, in Notice 2024-26, that withholding agents (both U.S. and foreign) will be administratively exempt from…