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Congress in Turmoil as Biden Insists on Higher Taxes for Corporations and the Wealthy

Last month, President Joe Biden's State of the Union address was marked with frequent outbursts from lawmakers as he urged Congress to...

Taxpayers Face Smaller Refunds and Higher Audit Rates in 2023

With the annual rite of filing a federal tax return in full swing, millions of Americans will need to adjust their expectations. Before...

IRS Issues New Guidance on R&D Expensing

The Internal Revenue Service and the Treasury Department issued Revenue Procedure 2023-11 during the last week of December after a...

IRS Tells Millions to Hold Off on Filing 2022 Taxes

Last Friday, February 3rd, The IRS sent out a statement asking millions of taxpayers in 22 states who received tax rebates last year to...

Growth Expectations Hike as 52% of Companies are involved in M&A Processes

Financial executives' 2023 plans are being put into action and comprise a variety of different strategies. Despite a recent slump in...

Fair Tax Act May Put an End to the IRS

On January 23rd, 2023, the legislature passed a bill, the "Fair Tax Act," to strip the extra $80 billion for IRS funding for enforcement...