KPMG laid off nearly 700 people in its advisory business, or close to 2% of its total staff. It’s the first Big Four firm to do so, according to the…
Category: Tax
In the blogs: Secret formula
The rebate runaround; three ways to file; good, bad, ugly and the IRS; and other highlights from our favorite tax bloggers. Secret formula National Association of Tax Professionals (https://blog.natptax.com/): The…
IRS tells taxpayers in states like California to wait to file taxes
The Internal Revenue Service is cautioning taxpayers in states that offered special tax refunds or payments to wait to file their income tax returns until it’s clear whether the money…
NATP endorses Werfel as IRS commissioner
The Senate Finance Committee held a confirmation hearing Wednesday for Daniel Werfel, who has been nominated as the next Internal Revenue Service commissioner. Both Democrats and Republicans appeared likely to…
IRS pilots new phase in corporate tax compliance program
The Internal Revenue Service is making some changes in its Compliance Assurance Process program, testing out a new option to address complaints from participants. The IRS said Monday that it…
Tech News: Ledgible launches API support for Ethereum-based NFTs
Tallan, a technology solutions company, said it will be joining the Microsoft Services Group of Big Four Firm Ernst and Young. (See our story.) … Big Four Firm Deloitte (via…
IRS lets taxpayers and tax pros upload documents to respond to notices
The Internal Revenue Service introduced a new option Thursday allowing taxpayers and tax professionals who receive nine types of notices asking them to send information to the IRS with the…
IRS, Treasury offer guidance on corporate AMT for insurers
The Internal Revenue Service and the Treasury released a notice Friday containing interim guidance for insurance companies ahead of issuing upcoming proposed regulations on the corporate alternative minimum tax of…
Biden calls for higher taxes on wealthy and corporations in State of the Union
President Joe Biden urged Congress to approve higher taxes on wealthy taxpayers and big corporations during a raucous State of the Union address on Tuesday night marked by frequent outbursts…