Browsing: Taxes

In the News On July 3 the Internal Revenue Service warned taxpayers about a mailing that misleads them into believing they are owed a tax refund…

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

Last month, citing “rising concerns about a flood of improper Employee Retention Credit (ERC) claims,” the IRS announced a moratorium on processing new ERC claims. At…

Technology projects often end in disappointment, and in some cases, they lead to significant financial losses for the companies that undertake them. The statistics are grim:…

Tax Notes reporter Elodie Lamer discusses the Business for Europe: Framework for Income Taxation (BEFIT) initiative, the European Commission’s latest plan to harmonize and streamline certain…

Earlier this year, the IRS got folks talking when it announced it was launching a pilot program for a free direct online tax filing service. Today,…

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

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

The California Franchise Tax Board announced that most Californians have until November 16, 2023, to file and pay their tax year 2022 taxes to avoid penalties.…

Earlier today, the IRS announced that various tax filing and payment deadlines for most taxpayers in California were being further postponed to Nov. 16, 2023. State…