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IRS Commissioner Danny Werfel detailed new IRS efforts to collect taxes from high-income individuals, complex partnerships, and large corporations. He also gave an update on IRS modernization progress.
Source: Tax News
Read More here – IRS enforcement efforts collect 0 million from wealthy taxpayers
IRS Commissioner Danny Werfel detailed new IRS efforts to collect taxes from high-income individuals, complex partnerships, and large corporations. He also gave an update on IRS modernization progress.
Source: JOA News
Read More here – 0 million collected from millionaires by IRS enforcement efforts
A final U.S. Department of Labor rule provides an economic reality test and targets “misclassifying employees as independent contractors,” which could have tax and other implications for workers and employers alike.
Source: JOA News
Read More here – Employee or independent contractor? DOL issues new guidance
In an annual report to Congress, the national taxpayer advocate says the IRS should prioritize improving service on the practitioner priority service line, which had a 29% call answer rate.
Source: Tax News
Read More here – Taxpayer advocate: IRS again fails tax pros with PPS call answer rate
In an annual report to Congress, the national taxpayer advocate says the IRS should prioritize improving service on the practitioner priority service line, which had a 29% call answer rate.
Source: JOA News
Read More here – Taxpayer advocate: IRS again fails tax pros with PPS call answer rate
With the IRS challenging the validity of many employee retention credit (ERC) claims, what should practitioners do if they come across questionable ERC claims during audit engagements? Experts Robert Durak and Michael Westervelt provide answers.
Source: JOA News
Read More here – Auditor options when finding ineligible ERC claims
More than one-third of month-end closing tasks were completed after 7 p.m., according to a software company’s review of its users’ habits.
Source: JOA News
Read More here – Accountants after dark: Evening work is common, research finds
A new statement requires governments to disclose concentrations and constraints that could make them vulnerable to a substantial impact.
Source: JOA News
Read More here – GASB guidance expands risk-related reporting requirements
IRS commissioner Danny Werfel promised “marked improvement” for the upcoming tax season, when almost 129 million individual tax returns are expected to be filed.
Source: Tax News
Read More here – IRS to begin accepting and processing 2023 tax returns on Jan. 29
IRS commissioner Danny Werfel promised “marked improvement” for the upcoming tax season, when almost 129 million individual tax returns are expected to be filed.
Source: JOA News
Read More here – IRS to begin accepting and processing 2023 tax returns on Jan. 29
