3 Changes to Keep in Mind for Tax Season
No, the IRS isn’t going away. In fact, concerns about audits are ticking up. As small businesses prepare for tax season, there are still plenty of benefits…
Looking to 2023, IRS Cryptocurrency Enforcement Is Just Beginning
On the heels of the recent volatility and dramatic expansion of digital asset markets, the IRS—particularly its criminal investigative division—is likely to dedicate more resources to compliance and enforcement efforts, say alliantgroup’s Eric Hylton and Don Sniezek.
Looming Leadership Void At I.R.S. Raises Concerns Over $80 Billion Overhaul
For the first time Congress has provided long-term funding to rebuild the IRS after years of decline.
To ensure success, the Biden administration needs to promptly nominate and the Congress needs to swiftly consider and confirm a qualified Commissioner.
IRS Refund Process and the 6 Most Common Questions
Getting refunds on your taxes can be exciting but waiting for your refund is a different matter. Whether you are a seasoned attorney with years of experience or you are submitting your taxes for the first time, the IRS refund process can seem slow. So what can you do about it?
The IRS Needs to Spend Its New Cash Hoard Carefully
The Internal Revenue Service finds itself flush with money, an unfamiliar position. Persistent operational problems at the agency and controversial enforcement provisions in the narrowly passed Inflation Reduction Act place the IRS under the microscope and in the middle of America’s rough-and-tumble politics.
IRS: We Apologize, Your Tax Refund Is Delayed
Tax returns are piling up at the Internal Revenue Service, and millions of taxpayers are experiencing refund delays beyond the typical 21 days or fewer for e-filed returns electing a direct deposit refund.
Tackling inflation: Biden’s next steps and American businesses
During Federal Reserve Chairman Jay Powell’s recent testimony before Congress, he was pressed by legislators on both sides of the aisle on the top threat to our nation’s economic growth: inflation.
‘They went down hard’: IRS’ tax season woes rooted in pandemic, long funding slide
The IRS is a huge mess this year, thanks to a pandemic that is entering its third year, a decade of budget cuts and out-of-date technology.
Employee Retention Credit — Still The One (The Latest Update)
The Employee Retention Credit (ERC) has proven to be one of the most effective tax policies in helping small and medium businesses and tax-exempt entities weather the economic impact of the pandemic. The ERC provides employers up to $7,000 per employee per quarter in refundable tax relief for the first three quarters of 2021 (and a reduced benefit for 2020).
Recap with alliant: Jan 2022
Only us tax geeks get excited that tax season is officially marked open as the Internal Revenue Service starts accepting tax returns! And while this time of year comes with its own set of challenges, the big story for 2022 is that the IRS will face more problems processing refunds
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