Tax Pros Brace for ‘Tidal Wave’ of Crypto Tax Scrutiny From the IRS. What Investors Need to Know
As the IRS bolsters its cryptocurrency expertise, tax professionals are bracing for increased scrutiny of digital currency.
News & Events
TIGTA: Clawbacks, Flat Funding Could Hinder IRS Transformation
A clawback of the IRS’s Inflation Reduction Act funds, combined with flat appropriations funding, could hamper the agency’s
Government Shutdown Could Disrupt Upcoming Tax Season, IRS Commissioner Says
As Americans prepare for the opening of tax season, lawmakers are racing to avert a government shutdown. If they fail to come to an agreement, the resulting pause in nonessential operations could affect taxpayers’ filing experience, according to IRS Commissioner Danny Werfel.
Taxpayers Concerned About Fraudulent ERC Claims Must Act Now
While Covid-19 relief appropriations pulled many businesses from the brink of demise, an onslaught of associated fraud has come to the surface, especially regarding claims for the employee retention credit.
IRS to send taxpayers a ‘special reminder letter’ about debt. Who may get one and what to expect
After a two-year hiatus on automated collection notices, the IRS said it will soon resume sending such letters — and experts have tips if you receive one.
Five benefits of the biggest trend CPAs will see in 2024
As with every year, we greet the new year with the tiring rush of tax season. Once again we find ourselves consumed with compliance, not spending enough time discussing value added strategies with our existing client base, and now turning down more clients than ever before in our history.
alliant and CEO, Dhaval Jadav, Host Think Tank Focused on AI for Small and Medium-Sized CPA Firms & Businesses
Artificial Intelligence took center stage at alliantgroup’s latest Think Tank event which was its largest ever with more than 125 CEOs, industry partners and industry leaders in attendance.
2023 Farm Bill, if passed, features ‘eye-popping’ price tag
If passed, the 2023 Farm Bill is estimated to be the largest ever, featuring an “eye-popping” price tag of nearly $1.5 trillion, according to Mike Johanns, former USDA Secretary of Ag
IRS Warns Employers About This One Tactic to Claim Pandemic Tax Credit
A lot of federal money is riding on what counts as a government order, and the Internal Revenue Service and tax firms are preparing for legal fights about that crucial definition.
Top Tax Myths Surrounding Non-profit Organizations
Non-profits are an integral part of our society, but they often face a lot of misinformation when it comes to tax obligations. With so many misconceptions surrounding non-profit taxes and compliance, it’s easy to fall prey to common myths and misunderstandings.