Featured News
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Interest rates remain the same for Q2 2024
The IRS said Wednesday, Feb. 21, that interest rates will remain the same for the calendar quarter beginning April 1.
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Tax refunds get bigger as busy season continues
The average tax refund is down more than 20% over last year, according to the latest statistics from the IRS.
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Survey: Small businesses optimistic for growth in 2024
According to a recent survey, 92% of small businesses say they’re hopeful and expect moderate or significant growth in 2024.
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Presidents Day period marks peak time for IRS phone lines
With the 2024 filing season in full swing, the IRS encourages taxpayers to use online tools to get answers during the anticipated peak demand for IRS phone lines around Presidents Day.
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Recession risks are fading, business economists say
In a new economic survey, just a quarter of business economists and analysts expect the U.S. to fall into recession this year.
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IRS highlights warning signs for questionable ERC claims
The IRS has issued a warning to businesses about questionable employee retention credit (ERC) claims, offering seven suspicious warning signs that could indicate potential problems.
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CEO optimism hits two-year high, survey finds
More than one out of three top executives believe the economic outlook will brighten during the next six months, according to a Conference Board and Business Council survey.
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AICPA shares more resources for BOI reporting
The AICPA recently shared more resources that address the new beneficial ownership information (BOI) reporting requirement.
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EFIN scam targets tax professionals
The IRS is alerting tax professionals of a scam email impersonating various software companies to steal electronic filing identification numbers (EFINs).
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IRS updates FAQ for the premium tax credit
The IRS recently updated its frequently asked questions (FAQ) webpage regarding the premium tax credit.