Featured News
-
2022 tax season starts Jan. 24
The IRS will begin accepting and processing tax returns on Jan. 24, starting the 2022 tax season.
-
IRS updates 2020 recovery rebate credit FAQs
The IRS has updated its FAQs on the 2020 recovery rebate credit, adding changes to questions 4, 8, 9 and 10.
-
State tax burden up despite generally steady rates
Wisconsinites saw an increase in taxes paid as a percentage of personal income in 2021 as a surge in economic activity grew collections faster than income rose, a new report finds.
-
Tax Court halts start-up cost deductions in new case
Clients need to officially open for business before deducting any expenses as start-up costs, the Tax Court ruled in a recent case.
-
Deadline extended for R&E tax credit claims
The IRS has expanded the transition period from 30 to 45 days to provide evidence to back up tax refund claims involving the research and experimentation credit.
-
IRS to host virtual EITC Awareness Day roundtable on Jan. 26
The IRS will host a virtual roundtable on Jan. 26 to discuss the lifecycle of an earned income tax credit (EITC) claim.
-
Single audit clarity provided related to pandemic relief programs
The Office of Management and Budget has provided more clarity to practitioners who perform single audits related to two key federal pandemic relief programs.
-
IRS revises Form 1024 for 2022
The IRS has revised Form 1024, used by most types of organizations to apply for exempt status, to allow electronic filing.
-
Becoming a better listener
With widespread resignations in nearly every industry, it is more important than ever for leaders to actively listen to their employees.
-
Important 2022 tax calendar due dates and deadlines
Keep clients informed of tax deadlines that apply to them so they are not surprised by IRS penalties or tax break opportunities.