House Republicans Vote to Rescind I.R.S. Funding
The measure, one of the new majority’s first legislative moves, would cut billions in funding that Democrats passed to help crack down on tax cheats. It does not have enough votes to pass the Senate
Historic Fusion Ignition Breakthrough Could Fuel New Industries
Dr. Robert Ambrose, Chairman of Robotics & Artificial Intelligence, alliantgroup & Former NASA Software, Robotics and Simulation Division Chief & Deirdre Ricketts, Lead Science Teacher & STEAM Lab Facilitator
Hiring New Accountants: The Challenge For The CPA Community And The IRS
Our nation is facing a significant shortfall in young people entering the workforce as accountants. Setting aside the joy of accountants wanting to become lion tamers – the impact on the nation is potentially significant. I am seeing first-hand in discussions with our CPA Firm relationships across the country
Hidden Tax Benefits and Potential Pitfalls SMBs Should Know This Filing Season
The Inflation Reduction Act (IRA) is potentially transformative for small- to medium-size businesses (SMBs), but along with taking advantage of the new benefits it and other government programs have to offer, SMBs must be aware of critical nuances that could impact their tax filing this season.
Here’s why IRS tax audits have declined over the past decade
Audit rates have been on the decline since 2010. Across all income brackets, the audit rate decreased to 0.25% in 2019, down from 0.9% in 2010.
Here’s How to get the Farm Bill to the Finish Line
Congress may have bought themselves another year to hash out a farm bill, but countless agriculture groups and organizations have significant priorities that have yet to be addressed.
Here’s How the IRS Will Spend its $80 Billion Funding Boost
A large-scale refurbishment of the Internal Revenue Service (IRS) is underway following an allotment of $80 billion to the agency in Democrats’ Inflation Reduction Act passed last year.
Have AI Do Your Tax Return? Taxpayer Beware
When it comes to filing tax returns, Artificial Intelligence (AI) has become the go-to cure-all for some taxpayers – and more concerning – some tax advisors as well.
Harris reveals good-vibes economic policies. Experts weigh in
Democratic presidential nominee Kamala Harris revealed for the first time some big economic plans on Friday, but these experts had mixed reactions on how much some of them would help everyday Americans.
Government Shutdown Could Disrupt Upcoming Tax Season, IRS Commissioner Says
The IRS is revamping the top of its organizational structure for the first time in two decades, the agency announced Wednesday.