Congress Questions IRS on ERC Backlog
Congress members are pressing the Internal Revenue Service (IRS) for explanations regarding the backlog of Employee Retention Credit...
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Sep 29, 2023
New York Mets Owner Steve Cohen Challenges IRS on Self-Employment Taxes
Steve Cohen, the billionaire owner of the New York Mets and Point72 Asset Management, has launched a legal challenge against the Internal...
Sep 22, 2023
IRS Halts New ERC Claims Amid Surge in Fraudulent Cases
On September 14th, the Internal Revenue Service (IRS) suspended the processing of new Employee Retention Credit (ERC) claims until the...
Sep 8, 2023
Software Glitch Causes IRS Filing Confusion
Due to a recent software glitch, the Internal Revenue Service (IRS) accidentally issued late-filing notices to many retirement plan...
Aug 11, 2023
Tax Consultant to Prominent DJs Accused of Concealing $100M from IRS
Frank Butselaar, a Dutch tax consultant with high-profile clients from the DJ and fashion worlds, is facing charges of devising a scheme...
Aug 5, 2023
Congressional Hearing Highlights ERTC Fraud Concerns
At a recent congressional hearing, tax professionals and other experts voiced their concerns over the Employee Retention Tax Credit...
Jul 21, 2023
IRS Issues Guidance on New Corporate Excise Tax
In the final week of June, the Internal Revenue Service (IRS) released provisional guidance about the newly introduced 1% excise tax on...
Jul 14, 2023
Impending Tax Reporting Regulations Impact Multinational Enterprises
Multinational corporations resist regulatory obligations to report taxes paid in each jurisdiction. Meanwhile, Australian regulators have...
Jul 7, 2023
IRS Discreetly Modifies Children's Inheritance Rules
The IRS's Revenue Ruling 2023-2, issued in March, significantly impacts estate planning, particularly in relation to irrevocable trusts....
Jun 30, 2023
IRS Reminds Taxpayers in Disaster Zones about Extended Deadlines
The Internal Revenue Service (IRS) is taking a unique initiative by sending an additional round of mail to taxpayers in various states...
Jun 23, 2023
Maximizing Productivity While Working from Home
In today's increasingly digitized world, working from home has become a new norm for many professionals. However, transitioning from an...
Jun 14, 2023
How Businesses Have Leveraged ERC to Overcome Pandemic Challenges
The COVID-19 pandemic has had a profound impact on businesses worldwide, leading to unprecedented challenges in maintaining workforce...
Jun 12, 2023
The Essential Role of Back-Office Accounting Solutions in Protecting Your Business
In today's digital age, businesses face an ever-evolving landscape of security threats and compliance requirements. Back-office...
Jun 9, 2023
2022 Tax Filing Guidelines for Overseas U.S. Citizens
U.S. citizens, resident aliens, and dual citizens living and working overseas, as well as U.S. military personnel stationed abroad, are...
Jun 3, 2023
Bipartisan Bill Aims to Simplify Tax Extensions
The Simplify Automatic Filing Extensions (SAFE) Act of 2023, or H.R. 3566, was put forward by Rep. Judy Chu, D-California, and Mike...
May 31, 2023
8 Reasons Why You Should Partner with an Experienced CPA for ERC
Partnering with an experienced and qualified Certified Public Accountant (CPA) for Employee Retention Credit (ERC) offers several...
May 29, 2023
The Digital Transformation of Back-Office Accounting Practices
The digital age has brought about significant changes across various industries, and back-office accounting is no exception. The shift...
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