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House Republicans Unveil Legislation to Cut Taxes
Taxation
The House of Representatives’ Committee on Ways and Means plans to introduce a legislative tax relief package consisting…
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Penalty Relief for Big Companies That Paid No Estimated Alternative Minimum Tax
Taxation
The IRS and the Treasury Department issued a notice regarding penalty relief for corporations that have yet to pay their…
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National Taxpayer Advocate Discusses IRS's Continuing Paper Problem at AICPA Conference
Accounting
Paper is still a problem for the IRS, National Taxpayer Advocate Erin Collins told an audience of accounting and tax…
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Deal Suspending Debt Ceiling—and Cutting Some IRS Funding—Signed into Law
Taxation
President Joe Biden signed the Fiscal Responsibility Act of 2023 into law on Saturday, allowing for a two-year suspension of…
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IRS Begins Talks to Roll Out Pilot Free E-File Option
Taxation
The IRS is now taking steps to implement its pilot test of a free e-file system by holding talks with advocacy groups,…
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Deal to Suspend Debt Ceiling Cuts IRS Funding
Taxation
The legislation resulting from the agreement reached by President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) to…
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IRS Renews Warning of Employee Retention Credit Scams
Taxation
The IRS has renewed an alert to businesses and tax-exempt groups to be wary of companies and individuals promoting their…
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IRS to Resume Issuance of Collection Notices
Taxation
Taxpayers and tax preparers should expect a resumption of automated collection notices from the IRS, Accounting Today…
Read More
IASB Issues Amendments to Ease Transition to Global Tax Reform Rules
Taxation
The International Accounting Standards Board (IASB) has issued amendments to IAS 12, Income Taxes, intended to give…
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