Jun 26, 2024 | News to Note
From the AS USA/MSN — By Oliver Povey — The US Department of the Treasury and the Internal Revenue Service (IRS) have announced a new regulatory initiative to close a major tax loophole exploited by large, complex partnerships. This initiative is part of ongoing...
Jun 19, 2024 | News to Note
From the Wall Street Journal — By Mark Maurer — U.S. companies may need to report cash amounts tied to their software expenditures, more of which would be moved off corporate balance sheets under a forthcoming proposal to update decades-old accounting rules. The...
Jun 5, 2024 | News to Note
From the Internal Revenue Service (IRS) — Thousands of people have lost millions of dollars and their personal information to tax scams. Scammers use the regular mail, telephone and email to set up individuals, businesses, payroll and tax professionals. The...
May 29, 2024 | News to Note
Lawmakers begin weighing fiscal impact of extending tax reductions that expire after 2025 From the Wall Street Journal — By Richard Rubin — WASHINGTON — Republicans want to extend the Trump-era tax cuts that lapse after 2025. A big point of debate now: Should they...
May 22, 2024 | News to Note
From Forbes— By Janet Berry-Johnson— Realizing you made a mistake on your tax return? Don’t panic. If you overlooked a valuable deduction, say, or forgot to report some of your income, you can simply file an amended return. Amending your return to correct a...
May 15, 2024 | News to Note
From CNBC — By Kate Dore — President Joe Biden’s top economic advisor on Friday, May 10, laid out plans for the country’s looming debate over trillions in expiring tax breaks enacted by former President Donald Trump. Several provisions from the Tax Cuts and Jobs Act,...
