IRS faces $20 billion cut under debt ceiling deal
Last year, Congress approved $80 billion in new funding for the Internal Revenue Service — but the bipartisan debt ceiling deal would claw some of that money back.
Minister of IT, Industries and Municipal Administration for India’s State of Telangana Visits alliantgroup Headquarters to Discuss Company’s Job Creation in Hyderabad
The Minister of IT for India’s Telangana state, Kalvakuntla Taraka Rama Rao, better known as KTR, received a warm welcome at alliantgroup’s Houston headquarters to discuss job growth and further investment in Hyderabad. KTR and alliantgroup CEO, Dhaval Jadav, hosted an exuberant conversation about expanding the consulting and management engineering firm’s already strong presence in the Hyderabad region, the ‘Silicon Valley of India.’ alliantgroup has rapidly grown their workforce in the Indian city to 1,000 and plans to expand that to more than 5,000 workers.
IRS Plan To Flag Return Errors Could Impede Taxpayer Rights
The Internal Revenue Service recently proposed to send notifications to taxpayers and tax professionals when returns are filed about errors and missed credits or deductions, a plan that could have the unintended consequence of hindering taxpayer rights.
IRS Can Seek Bank Records Without Notice, Supreme Court Says (2)
The US Supreme Court on Thursday rejected a proposed limit on the IRS’s ability to demand a bank account holder’s records without giving notice as part of an effort to collect on someone else’s delinquent taxes.
IRS to offer free online direct filing system for some taxpayers in 2024
The IRS is testing a system that would allow taxpayers to file federal tax returns for free online directly with the agency, with a pilot program launching for some filers next year.
AI-Generated Tax Scams Can Look A Lot Like They Came From The IRS
Earlier this month, a group of Senators sent a letter to IRS Commissioner Danny Werfel about the use of AI—artificial intelligence—technology, including ChatGPT, to engage in scams aimed at taxpayers.
IRS to test a limited pilot in 2024 for its own free ‘Direct File’ option
Many taxpayers like the notion of a do-it-yourself plan for preparing and filing their tax returns digitally for free through an IRS-run system.
What happens if the debt ceiling and banking crisis collide?
President Joe Biden said over the weekend that debt ceiling negotiations were moving along and that talks between the White House and House Speaker Kevin McCarthy would resume on Tuesday.
IRS tests free e-filing system that could compete with tax-prep giants
The prototype program developed by the federal government could be available for a small group of taxpayers by January
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