Nov 22, 2023 | News to Note
From Accounting Today — By Michael Cohn — The Treasury Department and the Internal Revenue Service issued proposed regulations to update the investment tax credit rules to encompass various forms of renewable energy. The proposed regulations, which were posted...
Nov 15, 2023 | News to Note
From Kiplinger Personal Finance — By Kelley R. Taylor — You’ve probably heard about the standard deduction, but did you know that the tax code offers a perk in the form of an extra standard deduction for people aged 65 or older? For eligible older adult filers, the...
Nov 2, 2023 | News to Note
From the Wall Street Journal – By Richard Rubin – The Internal Revenue Service won a $109 million victory in federal court that will help the tax agency combat aggressive corporate tax maneuvers and collect more money from other companies. The IRS defeated...
Oct 25, 2023 | News to Note
From ConsumerFraudReporting.org — Below is ConsumerFraudReporting.org’s list of the top 10 scams of 2023, to date. The list is continually updated. We have a side-by-side comparison of other reporting agencies’ top 10 scam lists here. The FTC’s...
Oct 18, 2023 | News to Note
From Accounting Today — By Roger Russell — The working group being formed by the Internal Revenue Service to go after high-net-worth taxpayers that utilize pass-throughs and complex tax strategies to minimize their tax obligations has been called a game-changer,...
