2+ day, 12+ hour ago   (511+ words) Fiscal year 2025 was a record-breaking 12 months for U.S. tax revenue, as taxpayers paid the IRS a total of $5.3 trillion, a 13.2% increase from FY 2023 and the most tax revenue ever paid, without adjusting for inflation, according to a recent report from the…...

3+ day, 11+ hour ago   (284+ words) The application period for the 2027 Compliance Assurance Process program lasts until Oct. 30, 2026, the agency said Tuesday. The IRS has opened the application period for the 2027 Compliance Assurance Process program for corporations. Applications will be accepted until Oct. 30, 2026. The IRS will…...

3+ day, 12+ hour ago   (612+ words) A federal appeals court has upheld a lower court ruling preventing the IRS from providing taxpayer information to Immigration and Customs Enforcement. The three-judge D.C. Circuit panel’s unanimous ruling on Tuesday reaffirms a U.S. District Court judge’s decision last November that blocked…...

4+ day, 16+ hour ago   (417+ words) Social Security recipients are on track to receive their biggest cost-of-living adjustment in four years. That change, brought on by naggingly high inflation, will likely push one group’s average payment above $1,000 a month. The Senior Citizens League estimates the 2027 COLA…...

5+ day, 6+ hour ago   (1206+ words) Home > Small Business Canada is poised to impose tariffs of 15% to 50% on hundreds of products from the U.S. on Tuesday. Derek Decloet, Josh Wingrove and Brian PlattBloomberg News (TNS) Canada is poised to impose tariffs of 15% to 50% on hundreds of products…...

1+ week, 4+ day ago   (702+ words) By Anabel SosaSFGate, San Francisco(TNS) Aug. 31 — California’s billionaire tax proposal is splintering the state’s Democratic Party, with party leaders opposing the wealth tax even as voters, and especially young voters, appear eager to increase taxes on the rich. The…...

1+ week, 5+ day ago   (435+ words) Home > Mergers and Acquisitions INSIDE Public Accounting top 60 firm Springline Advisory has acquired Vesta, a Wisconsin-based advisory firm offering integrated accounting, wealth management, and advisory services. Financial terms of the deal weren’t disclosed. This acquisition marks Springline’s entry into Wisconsin....

1+ week, 5+ day ago   (584+ words) The U.S. Justice Department is pushing back on requests for information about how it resolved President Donald Trump's $10 billion lawsuit against the Internal Revenue Service. WASHINGTON — The U.S. Justice Department is pushing back on requests for information about how it resolved…...

1+ week, 5+ day ago   (450+ words) Home > Firm Management Accounting and CPA firms hold exactly the kind of data that makes them an attractive target. Cybercriminals have found a new way to bypass the security awareness that email phishing training has built over the past decade:…...

1+ week, 6+ day ago   (543+ words) The IRS holds its staff to a higher expectation of tax compliance since they are responsible for enforcing tax law, especially those in a supervisory role. All taxpayers are required to follow the letter of the tax law. But some…...