Monthly Archives: October 2023

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‘As if they were never filed’: IRS outlines steps to withdraw ERC claims

Category:Uncategorized

The withdrawal program is one step that the IRS is taking to help small businesses that may have filed an ineligible claim while also cracking down on unscrupulous promoters.
Source: Tax News
Read More here – ‘As if they were never filed’: IRS outlines steps to withdraw ERC claims


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‘As if they were never filed’: IRS outlines steps to withdraw ERC claims

Category:Uncategorized

The withdrawal program is one step that the IRS is taking to help small businesses that may have filed an ineligible while also cracking down on unscrupulous promoters.
Source: JOA News
Read More here – ‘As if they were never filed’: IRS outlines steps to withdraw ERC claims


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13 states will participate in IRS Direct File pilot

Category:Uncategorized

The pilot program for the 2024 filing season will let individuals file returns directly with the IRS, with strict limits on eligibility, covering only taxpayers with relatively simple returns.
Source: Tax News
Read More here – 13 states will participate in IRS Direct File pilot


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13 states will participate in IRS Direct File pilot

Category:Uncategorized

The pilot program for the 2024 filing season will let individuals file returns directly with the IRS, with strict limits on eligibility, covering only taxpayers with relatively simple returns.
Source: JOA News
Read More here – 13 states will participate in IRS Direct File pilot


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Projected tax gap jumps to $688 billion for tax year 2021

Category:Uncategorized

The IRS said the increase in the projected tax gap is due to growth projected increases in nonfiling and underreporting of individual income tax, along with underreporting of self-employment tax.
Source: Tax News
Read More here – Projected tax gap jumps to 8 billion for tax year 2021


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Projected tax gap jumps to $688 billion for tax year 2021

Category:Uncategorized

The IRS said the increase in the projected tax gap is due to growth projected increases in nonfiling and underreporting of individual income tax, along with underreporting of self-employment tax.
Source: JOA News
Read More here – Projected tax gap jumps to 8 billion for tax year 2021


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SEC addresses securities transparency; PCAOB addresses audit concerns

Category:Uncategorized

The SEC adopts several rules and amendments expanding and expediting the sharing of information; the PCAOB shares advice with auditors related to issues with engagement quality reviews.
Source: JOA News
Read More here – SEC addresses securities transparency; PCAOB addresses audit concerns


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IRS announces relief for taxpayers affected by attacks in Israel

Category:Uncategorized

Qualifying individual and businesses have until Oct. 7, 2024, to file certain federal returns, make tax payments, and perform other time-sensitive, tax-related actions, according to an IRS notice.
Source: Tax News
Read More here – IRS announces relief for taxpayers affected by attacks in Israel


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IRS announces relief for taxpayers affected by attacks in Israel

Category:Uncategorized

Qualifying individual and businesses have until Oct. 7, 2024, to file certain federal returns, make tax payments, and perform other time-sensitive, tax-related actions, according to an IRS notice.
Source: JOA News
Read More here – IRS announces relief for taxpayers affected by attacks in Israel


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IRS to modernize regs. for tax sales of seized property

Category:Uncategorized

Proposed regulations would update existing procedures to reflect online and other electronic forms of bidding and payment.
Source: Tax News
Read More here – IRS to modernize regs. for tax sales of seized property