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…...

2+ day, 14+ hour ago   (496+ words) IRS employee training on taxpayer representation and how taxpayers’ rights to representation must be observed needs to improve after some workers didn't know certain procedures, the watchdog said in a report. IRS employee training on taxpayer representation and how taxpayers…...

3+ day, 5+ hour ago   (185+ words) Home > Firm Management Client data is one of a tax and accounting firm's most valuable—and most vulnerable—assets. As cyber threats, compliance expectations, and client demands continue to evolve, firms need secure technology that protects sensitive information without creating…...

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…...

1+ week, 4+ day ago   (931+ words) The IRS has updated Forms 1099-NEC, 1099-MISC, and 1099-K for 2026 to separately report information related to tips and qualified overtime compensation. The 2026 tax year brings significant changes to information reporting. The Working Families Tax Cuts or H.R. 1 created new federal income…...

1+ week, 4+ day ago   (269+ words) New bundled offerings will make it easy for students to combine Mentor Plus's advisory training with UAC's other certifications, coaching, and courses. The Impactful Advisor, the advisory training platform founded by Geni Whitehouse, CPA.CITP, CSPM, to help bookkeepers and…...

2+ week, 4+ day ago   (589+ words) IRS CEO Frank Bisignano met with tax professionals at the IRS Nationwide Tax Forum in New York City last week as part of the agency’s efforts to engage with taxpayers and their representatives. The New York City stop of the…...

3+ week, 1+ day ago   (243+ words) The Forensic and Valuation Services Conference will take place Oct. 27-29. The conference will be held at the TSCPA Meeting Center in the Nashville, Tennessee, area. In addition to the in-person option, the conference will also be offered virtually and on…...

3+ week, 3+ day ago   (642+ words) The IRS said Aug. 19 that it has updated frequently asked questions about the limitation on the deduction for business interest expense. Prior to the 2017 Tax Cuts and Jobs Act (TCJA), Section 163(j) of the Internal Revenue Code applied only to certain…...

4+ week, 1+ day ago   (756+ words) The judge said it is constitutional for Washington ballots to include information about how a repeal of the high-income earners' tax would impact the state budget. By Shauna SowersThe Seattle Times(TNS) Aug. 8 — A Thurston County Superior Court judge said…...