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The Internal Revenue Service has posted new information about how to handle possible processing errors when electronically filing Form 1065, “Return of Partnership Income,” and ways to avoid them. Click here to view full article

The Internal Revenue Service has posted new information about how to handle possible processing errors when electronically filing Form 1065, “Return of Partnership Income,” and ways to avoid them.

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The Internal Revenue Service said Monday that over $1 billion in unclaimed tax refunds for 2020 is awaiting nearly 940,000 individuals, but time is running out to claim the money, with a May 17 deadline approaching for filing the necessary tax returns. Click here to view full article

The Internal Revenue Service said Monday that over $1 billion in unclaimed tax refunds for 2020 is awaiting nearly 940,000 individuals, but time is running out to claim the money, with a May 17 deadline approaching for filing the necessary tax returns.

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The Internal Revenue Service’s Criminal Investigation unit issued a warning Tuesday about the use of “money mule networks,” criminals who exploit networks of innocent people to move illicit funds between bank accounts, currencies and blockchains in an effort to evade law enforcement. Click here to view full article

The Internal Revenue Service’s Criminal Investigation unit issued a warning Tuesday about the use of “money mule networks,” criminals who exploit networks of innocent people to move illicit funds between bank accounts, currencies and blockchains in an effort to evade law enforcement.

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The Internal Revenue Service issued a notice Tuesday granting an administrative exemption from the electronic filing requirements for Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons. Click here to view full article

The Internal Revenue Service issued a notice Tuesday granting an administrative exemption from the electronic filing requirements for Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons.

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Tax-related scams this year are sophisticated, using the latest in graphic reproduction and personal communication tech to trick taxpayers, especially wealthy clients, advisors say. “Everyone could be at risk for scams unless they have the tools to protect themselves and they take action,” said Amber Kellogg, vice president for […] Click here to view full […]

Tax-related scams this year are sophisticated, using the latest in graphic reproduction and personal communication tech to trick taxpayers, especially wealthy clients, advisors say. “Everyone could be at risk for scams unless they have the tools to protect themselves and they take action,” said Amber Kellogg, vice president for […]

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By now, CPAs should be aware of the Corporate Transparency Act (CTA), passed in 2021 and effective January 1, 2024. There have been many articles and programs covering which information has to be reported for the entities affected and their beneficial owners and company applicants (that is, individuals who […] Click here to view full […]

By now, CPAs should be aware of the Corporate Transparency Act (CTA), passed in 2021 and effective January 1, 2024. There have been many articles and programs covering which information has to be reported for the entities affected and their beneficial owners and company applicants (that is, individuals who […]

Click here to view full article