Featured News
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IRS delays Form 1042 e-filing requirement
In a notice issued Tuesday, Feb. 27, the IRS said it will postpone the e-filing requirement for Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons.
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PCAOB reconsidering auditors’ role in noncompliance reporting
The PCAOB has reopened the public comment period regarding its proposal to amend auditing standards related to the auditor's responsibility for considering a company's noncompliance.
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Guidance issued regarding USDA discrimination program
The IRS and Treasury have issued a FAQ related to the U.S. Department of Agriculture's Discrimination Financial Assistance Program.
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IRS to issue more refunds if child tax credit bill passes
IRS Commissioner Daniel Werfel has assured parents that they don't need to wait to file their 2024 tax returns while a child tax bill is pending in the Senate.
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IRS to begin audits of corporate jet usage
The IRS will soon conduct audits on businesses' private jets to ensure that executives are not abusing tax deductions.
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Interest rates remain the same for Q2 2024
The IRS said Wednesday, Feb. 21, that interest rates will remain the same for the calendar quarter beginning April 1.
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Tax refunds get bigger as busy season continues
The average tax refund is down more than 20% over last year, according to the latest statistics from the IRS.
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Survey: Small businesses optimistic for growth in 2024
According to a recent survey, 92% of small businesses say they’re hopeful and expect moderate or significant growth in 2024.
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Presidents Day period marks peak time for IRS phone lines
With the 2024 filing season in full swing, the IRS encourages taxpayers to use online tools to get answers during the anticipated peak demand for IRS phone lines around Presidents Day.
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Recession risks are fading, business economists say
In a new economic survey, just a quarter of business economists and analysts expect the U.S. to fall into recession this year.