Tax Preparation

Your CPAs Guide To The New ERC Crisis

Tax Preparation 22 Min Read

IRS Announces Moratorium on the Employee Retention Credit and Provides Guidance for Civil Penalty Amnesty to Withdrawing Improper Claims, Also Known As - Don’t Deposit That Check and Hire Legal Counsel The expansion and strong marketing tactics of good-for-nothing “accounting advisors” who encouraged taxpayers to qualify for the Employee Retention Credit (“ERC”) when they did not technically qualify has caused

Wake up with our popular morning roundup of the day's top military and defense stories

Stay Updated

Get the latest headlines, discounts for the military community, and guides to maximizing your benefits
- Advertisement -
Ad imageAd image

More Stories

Tax Preparation 11 Min Read

Paying Taxes And Checking Your Earnings History Can Help Boost Social Security Retirement Benefits

Not a week goes by that I don't get a question about Social Security and taxes. Most often, taxpayers wonder how they can qualify for benefits. Here's what you need to know about how you can qualify for Social Security retirement benefits, and how to check to see that your

Tax Preparation 12 Min Read

IRS Announces Plans To Ramp Up Enforcement On Millionaires, Partnerships, And Crypto Users

IRS Commissioner Danny Werfel gave us a glimpse of what was coming last month when he suggested that taxpayers would see more changes at the agency. This week, he offered more details, announcing a series of initiatives as part of what is being called “a sweeping, historic effort to restore

Tax Preparation 6 Min Read

A Higher Standard Deduction Means Even Fewer Households Should Care About The SALT Fight

As House Republicans engage in a nasty internal battle over whether to raise the $10,000 cap on the state and local tax (SALT) deduction, a new Tax Policy Center analysis shows the Ways & Means Committee bill at the center of the squabble would reduce the share of households affected

Tax Preparation 8 Min Read

Big Government Is Back — But Will It Self-Destruct?

Big government is back — big programs with big price tags, all wrapped up in some very big ambitions. When President Biden campaigned on a promise to “Build Back Better,” he wasn’t just coining a slogan. Biden came to the presidency with a back-to-the-future view of American governance. As the

Tax Preparation 6 Min Read

IRS Gives Idalia Tax Relief & Feb. 15 Filing Date To South Carolina

The IRS announced tax relief for individuals and businesses affected by Idalia, anywhere in South Carolina. These taxpayers now have until Feb. 15, 2024, to file various federal individual and business tax returns and make tax payments. This is similar to relief already being provided in most of Florida. The

Tax Preparation 24 Min Read

Checking In With Congress: Fall 2023 Preview

Tax Notes Capitol Hill reporters Cady Stanton and Doug Sword preview what to expect from Congress in tax policy this fall, from a potential end-of-year tax package to IRS funding. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I'm David Stewart, editor

Tax Preparation 5 Min Read

New York Now Has The Highest Cigarette Tax As Rates Stay Flat In Most States

In the mood for a smoke? If you’re in the Empire State, it’s going to cost you. As of September 1, New York State has the highest cigarette tax in the country. The cigarette tax has increased by $1.00 per pack of 20 cigarettes, from $4.35 to $5.35. That brings

Tax Preparation 14 Min Read

Everybody Wants To Rule The Tax World

It’s official: The turf war is on. That’s the takeaway from the report on international taxation from U.N. Secretary-General António Guterres, released August 8. The report was prepared in response to a resolution approved by the U.N. General Assembly last year. Curiously, the report is styled as an “advance unedited

Tax Preparation 15 Min Read

How To Take Time Off From Work—And Really Mean It

Americans are terrible about taking time off from work. While reasons may vary, the Pew Research Center recently reported that 46% of U.S. workers who receive paid time off from their employer take less time than they are offered. I get it: I'm writing this article over a holiday weekend.

Tax Preparation 7 Min Read

Ramaswamy’s Dynamic Debate Performance Is Paired With An Incoherent Economic Agenda

Following the first Republican presidential primary debate, businessman Vivek Ramaswamy seems to be having a moment. That makes it a good time to explore his unorthodox fiscal agenda. While in many respects his platform appears to be standard Republican playbook, it includes some real surprises. But his unrealistic assumptions, yawning

Most Popular

Creative Ways Startups Can Earn Funding in Tough Economic Times

In a declining economy, startups face an uphill battle when it comes to securing funding.

I Asked AI to Create a Plan for a Fake Company — The Results Blew Me Away, But Not in the Way You Might Think

With all of the recent news about artificial intelligence (AI), it got me thinking about

Ideas To Transform You From Good To Better To Best

A while back, I took a couple of my grandchildren on a tour of the

5 Crucial Challenges Startups Must Overcome

Startups face numerous challenges on their journey to success, and failing to overcome any one