Nov 30, 2022 | News to Note
From Accounting Today — By Michael Cohn — The Internal Revenue Service is being pushed by the Government Accountability Office to do more to close the $428 billion annual tax gap by using the extra $80 billion it’s getting over 10 years from Congress to improve...
Nov 23, 2022 | News to Note
From the Federal Trade Commission (FTC) — By Gema de las Heras, Consumer Education Specialist — Unwanted calls are annoying — but when a caller says they’re an FBI agent collecting on a legal judgment entered against you, it’s also scary. No matter how urgent and...
Nov 16, 2022 | News to Note
From Accounting Today — By Michael Cohn — Democrats on the tax-writing House and Ways Means Committee are asking the Justice Department and the Treasury Inspector General for Tax Administration to investigate former President Donald Trump’s attempt to enlist...
Nov 9, 2022 | News to Note
From Thomson-Reuters and the Pinnacle CPA Advisory Group — To our Clients and Friends, The IRS sets up compliance campaigns to address areas where it believes there are significant issues. In other words, these are areas where the IRS thinks there is an opportunity to...
Nov 2, 2022 | News to Note
From AARP — If you’re 50 or older, there is one benefit to reaching this milestone that you may be overlooking: tax breaks aimed right at you. Now you can contribute more to your Roth or traditional individual retirement account (IRA), to your employer-sponsored plan...
Oct 26, 2022 | News to Note
From CNN Business — By Jeanne Sahadi — The IRS this month announced a record increase in contribution limits to 401(k) and other tax-deferred retirement plans for 2023. Starting next year, you will be allowed to contribute up to $22,500 into your 401(k), 403(b), most...
