Income Tax
Latest News
Zone & Co Launches ZoneBilling AI Assistant
IRS Extends Tax Deadlines Until May For Helene Victims
Avantax Acquires SEP Financial Services
Sovos Launches Indirect Tax Suite for SAP, Enhances Clean Core Readiness
What to Do if You Missed the April 18 IRS Income Tax Filing Deadline
Taxpayers who owe and missed the deadline without requesting an extension should file quickly to limit penalties and interest.
The Tax Blotter – April 2023 – Sec. 529 Plans Get Updates
A Section 529 plan is a tax-favored way to save for a child’s college education. Contributions can grow without any current tax while distributions to pay for qualified expenses like tuition are tax-exempt.
Ford’s F-150 Leaves Tough Choices for Truck Buyers Seeking EV Tax Credits
The F-150 Lightning is one of 10 electric vehicles to qualify for the full $7,500 in tax breaks. But only the most stripped-down models.
Auditors’ Tricks Can Help Find Academic Fraud, New Study Says
Effective statistical tools can be used by those who review scientific studies to help detect and investigate suspect data.
AICPA Recommends Improvements to Regulations on Section 645, Election to Treat Trust as Part of an Estate
TD 9032 describes the procedures and requirements for making an election to have certain revocable trusts treated and taxed as part of an estate.
Arizona Tax Preparer Accused of Drug Smuggling Now in Trouble for Tax Fraud
Nour Abubakr Nour was indicted by a federal grand jury and accused of filing fraudulent tax returns to reap inflated fees.
Trump CFO Allen Weisselberg Released From Jail After 100 Days For Tax Fraud
Donald Trump’s longtime moneyman, convicted of criminal tax fraud last August, was sprung from Rikers Island.
Biden Taxes Show Income of $580,000 in 2022
The Bidens were responsible for $169,820 in combined federal, Delaware, and Virginia income taxes last year.