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
IRS Releases 401(k) Employer Match Guidance for Student Loan Repayments
The SECURE 2.0 ACT permits employers to provide matching contributions for employees based on their payments on student loans.
U.S. Olympians Get Tax Break for Medals and Financial Awards
Until 2016, the U.S. taxed Olympic medal winners on the value of the medals won. A law enacted in 2016 excluded the value of Olympic medals from tax for those with incomes of $1 million or less, starting in 2016.
IRS Encourages Pre-Filing Registration for Elective Pay Claims
The agency recommends that taxpayers submit the pre-filing registration at least 120 days before the planned filing date.
IRS Reminds Truckers of Key Tax Deadline
Taxpayers who operate large trucks and buses have until Sept. 3 to file Form 2290 for vehicles used in July 2024, the IRS said.
N.J. Accounting Professor Convicted of Tax Evasion
Gordian Ndubizo of New Jersey who taught accounting at Drexel University was convicted Aug. 15 by a federal jury on all eight counts.
IRS Opens 2025 Tax Compliance Program for Corporations
The application period for the 2025 Compliance Assurance Process program will be from Sept. 4 until Oct. 31, the agency said Thursday.
Harris to Propose Tax Cuts for Newborns in Economic Agenda
The proposal, which Kamala Harris will announce on Aug. 16, would provide a $6,000 child tax credit within a newborn child’s first year.
What’s Kamala Harris’ Tax Plan for Middle Income Workers?
Details on her tax positions will likely become a crucial campaign issue, as polls show economics is one of voters' top concerns.