Featured News
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IRS promotes 2024 Nationwide Tax Forum
The IRS is inviting tax professionals to register for the 2024 IRS Nationwide Tax Forum, coming this summer to Chicago, Orlando, Baltimore, Dallas and San Diego.
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WICPA supports designating accounting as a STEM profession
The WICPA endorses two bipartisan bills that will expose more students to the accounting profession — and you can help.
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Despite moratorium, IRS gets 20K ERC claims weekly
Despite a moratorium since September on processing new claims for the pandemic-era employee retention credit (ERC), the IRS still averages 20,000 new applications weekly.
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Americans increase spending pace in March
U.S. retail sales increased more than expected in March amid a surge in receipts at online retailers, further evidence that the economy ended the first quarter on solid ground.
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Limited waiver granted for underpayment of corporate AMT
The IRS has provided a limited waiver for a corporate taxpayer's failure to pay estimated income tax with respect to its corporate alternative minimum tax (AMT) liability.
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IRS reports strong tax filing season, expanded services
With the April tax filing deadline now over, the IRS highlighted a variety of improvements that dramatically expanded service for millions of taxpayers during the 2024 filing season.
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Cyberattacks pose biggest business threat, small companies say
Small businesses in professional services are more concerned about cyberattacks than those in manufacturing or other services, the U.S. Chamber of Commerce said.
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IRS ends annual scam list with easements, digital assets
The IRS concluded its annual list of 12 scams and schemes by covering two broad categories: bogus tax-avoidance strategies and schemes with an international element.
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AI assistant helps tax professionals prioritize tasks
CPA Pilot's new AI tax assistant leverages advanced algorithms to analyze data and offer precise insights quickly, allowing tax professionals to prioritize strategic tasks.
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IRS warns high-income filers of common tax traps
As part of the Dirty Dozen campaign, the IRS warned wealthy individuals about three tax traps designed for them by dishonest promoters and shady tax practitioners.