Taxes

IRS Disallows 20,000 ERC Tax Refund Claims As Enforcement Tightens

As part of continuing efforts to combat dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service is sending an initial round of more than

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IRS Says Focus On Millionaires And Large Corporations Is Paying Off, Talks Next Steps

Last month, IRS Commissioner Danny Werfel announced a series of taxpayer initiatives described as a "top to bottom review of

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From Scope Creep To Decision Disasters: Why Tax Technology Projects Fail

Technology projects often end in disappointment, and in some cases, they lead to significant financial losses for the companies that

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IRS Announces Special Process For Withdrawing Inappropriate ERC Claims

Last month, citing "rising concerns about a flood of improper Employee Retention Credit (ERC) claims," the IRS announced a moratorium

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ERC — IRS Withdrawal Process — What Should Business Owners Do?

The IRS today announced a withdrawal process for business owners/tax-exempt managers from their Employee Retention Credit (ERC) claims. The IRS

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IRS Recommends Tools To Prevent And Report Tax Refund Fraud

In the News On July 3 the Internal Revenue Service warned taxpayers about a mailing that misleads them into believing

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The EU’s Latest Plan To Simplify Corporate Taxation

Tax Notes reporter Elodie Lamer discusses the Business for Europe: Framework for Income Taxation (BEFIT) initiative, the European Commission’s latest

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IRS Will Pilot Direct File Program For 2024 Tax Season For Taxpayers In Some States

Earlier this year, the IRS got folks talking when it announced it was launching a pilot program for a free

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New York Reports Gambling Revenues Are Up—And So Are Problem Gambling Calls

Online sports betting in New York added $727.4 million in tax revenues in the state’s fiscal 2022-2023 year—and it looks

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How High-Income Taxpayers Are Misled Into Making Illegal Art Donation Deductions

Tax season can be a stressful time for many individuals, especially high-income taxpayers. With complex tax laws and ever-changing regulations,

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California Copies IRS, Extends Oct. 2023 Tax Deadlines To Nov. 2023

The California Franchise Tax Board announced that most Californians have until November 16, 2023, to file and pay their tax

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California Extends Due Date For California State Tax Returns

Earlier today, the IRS announced that various tax filing and payment deadlines for most taxpayers in California were being further

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IRS Further Postpones Tax Deadlines For Most California Taxpayers

With hours to go before the filing deadline, the IRS has further postponed tax deadlines for most California taxpayers to

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IRS Extends 10/16/23 Tax Deadlines To 11/16/23 For Most Californians

The IRS further postponed tax deadlines for most California taxpayers to Nov. 16, 2023. In the wake of last winter’s

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Florida Police Deputies Charged With Stealing Nearly A Half Million Dollars In Covid Funds

We tend to think that police officers are busily enforcing our laws, but prosecutors in the Southern District of Florida

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Canadian Tax Essentials For Foreign E-Commerce Businesses

Canada stands as the 9th largest e-commerce market, poised to reach a remarkable revenue of $55 billion by 2023. This

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Could A Trump Corporate Tax Rate Cut To 15 Percent Raise Revenue?

Former President Donald Trump and his campaign advisers are discussing a corporate tax rate cut to 15 percent paid for

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IRS Gives Tax Extension To 10/7/24 For Israel Terrorist Attack Impact

The IRS has announced tax relief for individuals and businesses affected by the terrorist attacks in the State of Israel.

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Wall Street Journal Supports Abusive Conservation Tax Shelters

I had a hard time figuring out how to respond to a piece by the Editorial Board of the Wall

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