IRS Mistakenly Posted Data on 120,000 Taxpayers Online
The IRS inadvertently posted confidential data for approximately 120,000 taxpayers on its website before discovering the error and removing the information.
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All Featured (28) For the Public (147) Tax News (468) Accounting & Auditing (227) Business & Industry News (134) Regulatory News (112) Legislative News (49) Chapter News (36) Young CPAs (75) Students (97) TSCPA Press Releases (75)Showing : 201–210 of 468
IRS Announces Penalty Relief and Is Refunding $1.2 Billion in Penalties
To help taxpayers affected by the COVID-19 pandemic, the IRS recently issued Notice 2022-36, providing penalty relief to most people and businesses who file certain 2019 or 2020 returns late.
View MoreTennessee Department of Revenue Updates Various Tax Manuals
The Tennessee Department of Revenue recently made updates to several of its tax manuals.
View MoreIRS and Treasury Issue Initial Guidance on Clean Vehicle Tax Credit
The IRS and the U.S. Treasury Department recently released initial guidance concerning a new requirement to qualify for the Sec. 30D clean vehicle tax credit.
View MoreCongress Passes Inflation Reduction Act, Biden Signs Into Law
President Joe Biden recently signed the Inflation Reduction Act, H.R. 5376, after the U.S. House of Representatives approved the Senate's version of the bill late last week.
View MoreIRS and Treasury To Delay Foreign Currency Tax Rules
The IRS recently released Notice 2022-34, stating that they plan to defer the effective date of final regulations relating to foreign currency used by multinational companies' business units abroad for one year.
View MoreIRS Interest Rates Increase for the Fourth Quarter of 2022
The IRS recently announced that interest rates will increase for the calendar quarter beginning Oct. 1, 2022.
View MoreIRS Releases Guide for Tax Pros’ Information Security Plan
The IRS and its Security Summit partners recently released a sample security plan and guide designed to help tax professionals, especially those with smaller practices, protect their data and information.
View MoreIRS Reminds Educators Maximum Educator Expense Deduction Is $300 in 2022
As the new school year begins, the IRS is reminding teachers and other educators that they'll be able to deduct up to $300 of out-of-pocket classroom expenses for 2022 when they file their federal income tax return next year.
View MoreIRS Releases Draft Version of Tax Year 2022 Form 1040
The IRS has released a draft version of Form 1040 for the tax year 2022, along with drafts of related forms and schedules.
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