Subscribe to our weekly newsletter and get all the week’s stories. Click here to sign up. TORONTO, Feb. 19, 2023 – On your mark, get set, GO! Tax season launches…
Tag: tax
IESBA proposes changes in accounting ethics to deter corporate tax dodging
The International Ethics Standards Board for Accountants released a proposal for revising its code of ethics to address concerns about accountants helping companies avoid paying taxes. The exposure draft, released…
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…
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…
‘Mistaken’ tax deductions land Danny Trejo in tax debt, bankruptcy
Actor Danny Trejo, 78, has reportedly declared bankruptcy as part of an attempt to resolve a $2 million tax debt. The prolific actor, who also runs businesses such as Trejo…
Fewer sales tax changes in 2022, but higher rates
A just-released report on sales taxes has found that while the total number of transaction tax changes across the U.S. declined, most jurisdiction categories actually continued to see rate increases. …
CoinTracker unveils real-time crypto tax advice from live experts
Cryptocurrency tax and portfolio management solutions provider CoinTracker released CoinTracker Connect, which connects people with live professionals for real-time cryptocurrency-related tax advice. The product contains a full-service dashboard, allowing users…
AICPA proposes extensive tax changes to Congress
The American Institute of CPAs sent a lengthy to-do list to Capitol Hill with a wide-ranging set of tax proposals large and small. The 167-page compendium of tax legislative proposals,…
Tax Fraud Blotter: No more smiles
Pruned; car trouble; bad bets; and other highlights of recent tax cases. Bethel, Connecticut: Bookkeeper Melissa Pezzolo of New Milford, Connecticut, has pleaded guilty to federal tax offenses. For nearly…