Featured News
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Survey: Most Americans reporting financial stress
Seven in 10 Americans are reporting stress related to their finances, and most say the stress has increased since the onset of the COVID-19 pandemic, according to a recent CNBC survey.
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Time running out to claim $1.5B in refunds for 2019, IRS says
The IRS has announced that nearly 1.5 million people across the nation have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return.
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Proposed regs. identify microcaptive reportable transactions
The IRS has issued proposed regulations that identify certain microcaptive transactions as listed transactions and certain others as transactions of interest.
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IRS seeks feedback on customer service this week
A volunteer group with the IRS will hold several public meetings this week via teleconference to hear suggestions on how to improve customer service.
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FASAB issues statement to clarify lease terms
The FASAB issued a statement intended to provide targeted technical clarifications to further facilitate the implementation of SFFAS 54, Leases.
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IRS unveils $8B funding plan
The IRS has released a plan for the nearly $80 billion in agency funding authorized by Congress, including expected boosts for customer service, technology and enforcement.
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AICPA wants changes in IRS rules for S corps
The AICPA recently sent a letter to Treasury and the IRS with recommendations to clarify and expand certain provisions of Rev. Proc. 2022-19.
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Company trust in shorter supply than leaders realize, survey finds
Business executives aren’t aware of many trust-damaging events that result in the loss of employees and consumers, a new survey finds.
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IRS alerts tax pros to spear-phishing scams
On its annual list of trending scams, the IRS included a warning to tax pros and businesses to be cautious about opening emails and clicking on links that could result in identity theft.
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DOR extends call center hours for tax season
The Wisconsin Department of Revenue (DOR) is extending its hours during the final stretch of tax season.