Category Archives for Tax News

IRS destroyed 30M paper information returns

  • June 3, 2022

Because of an IRS backlog of paper tax returns and its inability to process them, the agency decided to destroy an estimated 30 million paper-filed information return documents in March 2021, according

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How to Pay No Income Taxes

  • June 2, 2022

Find out what it takes to be part of the "44%" who don't pay taxes.You've probably heard about the famed 44% of Americans who pay no income taxes at all. How do you join this club? Here are several ways

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Can you claim the home-office deduction?

  • June 2, 2022

Did you work from home this year? Find out when you can claim the home-office tax deduction. If you were part of the “Great Resignation” and it lead you to start a business or become your own

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Companies Worry About Crypto Accounting & Taxes

  • April 26, 2022

Businesses that have been investing in cryptocurrencies like Bitcoin and Ethereum are dealing with uncertainty regarding crypto accounting and taxes as the Securities and Exchange Commission and the Internal

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Cybersecurity firm warns of a new threat to tax pros

  • April 25, 2022

As tax season comes to a close, researchers at a cybersecurity company are seeing a new type of phishing attack embedded within documents sent via email to tax professionals.Consumers aren’t the

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The IRS is Going on a Hiring Spree

  • March 18, 2022

The Internal Revenue Service is looking to hire more than 5,000 employees in three cities over the next few months, and another 5,000 employees over the course of the next year. It has also added voice

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Fact-Checking the President’s Remarks on Tax Policy

  • March 18, 2022

The president's tax policy is framed in the idea that our tax code is unfairly weighted in favor of high-income people. It's an idea that is widely accepted, but it’s just not true.President Biden delivered

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Where’s My Refund?

  • February 22, 2022

Now you can check the status of a tax refund in just a few clicks using the Where’s My Refund tool created by the IRSBy far, the question most asked of any tax professional (erroneously, because we have

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IRS updates and information for 2022 tax filing

  • February 22, 2022

The IRS has created a special page to provide current updates and the latest tax filing informationTo assist taxpayers and tax professionals, the IRS created Help for taxpayers and tax professionals: Special

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What Is Power of Attorney and When Is It Used?

  • January 13, 2022

To protect your privacy, IRS employees won't talk to just anyone about your taxes. To give them permission to discuss your taxes with someone other than yourself, the IRS will need a power of attorney

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