IRS cut back on large partnership audits
The IRS has been examining only a tiny fraction of tax filings from large partnerships due to staffing shortages and other resource constraints.
The IRS has been examining only a tiny fraction of tax filings from large partnerships due to staffing shortages and other resource constraints.
A majority of accounting firms say they are changing their messaging around pricing as clients increasingly question their cost models in the age of AI efficiencies.
Sweeping review; year-end procedures; close the book; and other highlights from our favorite tax bloggers.
Approximately 1.4 million taxpayers have received notices that their tax refunds are being delayed because the IRS wants direct deposit information.
The Internal Revenue Service’s efforts to leverage artificial intelligence are running into obstacles thanks to the severe cuts in staffing and budgets.
Payday Super is one of the biggest shifts in the Australian payroll landscape in years. From 1 July 2026, Australian businesses must pay super at the same time as salary and wages. As super moves from a quarterly obligation to a part of every pay cycle, your software and business processes must keep pace. The …
CPAs dealing with the new 1099-DA rules this year are challenged by the fact that they only report gross proceeds this year, leaving them and their clients to calculate cost basis themselves.
The Internal Revenue Service vastly overstated the projected costs of operating the free tax prep program before terminating it, according to a new report.
The Internal Revenue Service issued a revenue procedure on how businesses can take advantage of new tax breaks offered by the OBBBA and withdraw elections made under the old rules.
A Texas judge struck down a rule requiring professionals engaged in real estate closings and settlements to report information about nonfinanced transfers.