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FTC to put five tax preparation companies on notice
The Federal Trade Commission communicated to five tax preparation companies
IRS to target high income taxpayers, large partnerships, scams, etc.
Earlier this month, the IRS has announced the new targets for their examination efforts. This information is in
The IRS will use artificial intelligence (AI) for their examinations
During this month of September 2023, we have read numerous articles on the IRS efforts to use more
The IRS will be using Artificial Intelligence (AI) for collection purposes
During this month of September 2023, we have read numerous articles on the IRS efforts to use more
Form 8300 Cash payments over $10k to be electronically filed from 2024
As part of the updates applicable to next year, from January 1st, 2024, you must electronically file (e-file)
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Beneficial Ownership information – Required FinCEN report for businesses
From January 1st, 2024, any new company (exemptions are listed below) will have 30 days to file their initial Beneficial Ownership information
IRS moratorium on ERC claims and how to combat fraud
On September 14th, 2023, the IRS released their IRS Newswire IR-2023-169 for the immediate stop to the new Employee Retention Credit as
Federal Trade Commission – deceptive free claims from TurboTax
Yesterday, the Federal Trade Commission FTC released the initial ruling where TurboTax (Intuit) was deceiving customers with the use of "free" tax