A New York administrative law judge found an owner to be a responsible person and personally liable for unpaid sales and use taxes.
Understand how the IRS is changing tax compliance for taxpayers with international activity for 2022.
A recent IRS fact sheet explains tax credits for energy efficient home improvements residential energy property.
SECURE 2.0 Act significantly changes the tax rules governing qualified retirement plans and individual retirement accounts (IRAs).
Businesses must contend with several unfavorable tax changes after no significant business tax provisions appeared in a year-end omnibus package.
On Oct. 19, 2022 the IRS issued a news release warning employers to be wary of third parties who have ramped up campaigns to try and get employers to claim the CARES Act Employee Retention Tax Credit (ERTC) when they may not actually qualify.
Rev. Proc. 2022-38 provides the annual inflation adjustments for more than 60 tax provisions, including those affecting exempt organizations.
The Inflation Reduction Act of 2022 provides significant funding for the IRS over the next 10 years. The IRS is expected to use over half the funds for enforcement. Taxpayers can also expect to see an increase in taxpayer services.
A number of states begin to consider or take steps related to the state taxation of digital assets as the economy for these assets continues to grow.
Deductions deferred despite income inclusion for contingent compensation liability assumption in the year of the asset sale.
The IRS released a memorandum and FAQs to provide procedural guidance regarding R&D credit refund claims on amended tax returns.
The first payment deadline for deferred payroll taxes is quickly approaching and employers should be prepared to make payments.
Senate Finance Committee Build Back Better language largely leaves House Bill unchanged. SALT language omitted as well as billionaires’ tax.
Employers need to react quickly to the new guidance to pay in amounts as if they were incurred on Dec. 31, 2021.
IRS releases Rev. Procs. 2021-48, 2021-49 and 2021-50 to address the treatment of tax-exempt income for PPP loans.