With the April tax filing deadline here, the Internal Revenue Service highlighted a variety of improvements that dramatically expanded service for millions of taxpayers during the 2024 filing seaso

Based on information provided by “Tax Practice News” the accounting profession’s staffing shortage has finally reached critical status after nearly a decade of declining accounting graduates.

In May 2021, the Department of Justice created the COVID-19 Fraud Enforcement Task Force.

IRS Commissioner Danny Werfel thanked the tax community for their continuing efforts to help taxpayers during this filing season. In a news release, Commissioner Werfel highlighted this:

As part of the IRS’ effort to continue combatting identity theft and protecting taxpayers’ personal information, we’re making changes that will impact how tax professionals receive transcripts.

A Teaneck tax preparer illegally collected $1.43 million for himself and $40 million for clients from the IRS by purposefully exploiting COVID-related credits that neither he nor they were entitled

Taxpayers who are not able to file by the April 15, 2024 deadline can request an extension before that deadline, but they should know that an extension to file is not an extension to pay taxes.

The Internal Revenue Service reports that through March 22, it had received approximately 80 million ta