Featured News
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Companies hesitant to adopt generative AI technology
A recent survey found that 51% of American adults are welcoming the ever-increasing presence of generative artificial intelligence (Gen AI), but companies are hesitant to adopt the technology.
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Guidance issued on qualified alternative fuel vehicle refueling property credit
The IRS and Treasury Department issued guidance on eligible census tracts for the qualified alternative fuel vehicle refueling property credit.
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Workers value work-life balance more than pay, study finds
Workers prioritize work-life balance over pay when considering their next role, according to a study by employment agency Randstad.
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IRS upgrades delay e-filing for some tax-exempt groups
The IRS has alerted a limited group of tax-exempt organizations that they won’t be able to electronically file Form 990-T or Form 1120-POL until Sunday, March 17.
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Survey: CEOs see recession, inflation as biggest threats
In a recent survey of chief executives, only 37% of CEOs said their companies are ready to deal with a recession.
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Reporting requirements for digital assets delayed
Businesses are not required to report on the digital assets they receive until the IRS and Treasury Department issue regulations.
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IRS says Free File is ready to use
The IRS Free File system allows taxpayers with an adjusted gross income of $79,000 or less to file a federal tax return for free.
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IRS provides guidance on employee PLESAs
IRS Notice 2024-22 provides employers insight on the anti-abuse rules regarding pension-linked emergency savings accounts.
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Employee or independent contractor? DOL issues guidance
A final U.S. Department of Labor rule provides an economic reality test and targets “misclassifying employees as independent contractors.”
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Report: IRS still slow in processing returns, resolving issues
The IRS is still too slow in processing amended tax returns, answering taxpayer phone calls and resolving identity theft cases, according to the National Taxpayer Advocate.