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As part of its efforts to improve services for taxpayers, the IRS recently announced that people electronically filing their Form 1040-X, Amended U.S Individual Income Tax Return, will for the first time be able to select direct deposit for any resulting refund.
View MoreAs part of a continuing effort to improve service this tax season, the IRS announced special Saturday hours for the next four months at Taxpayer Assistance Centers across the country.
View MoreThe PCAOB recently released a staff report intended to assist audit firms in remedying quality control issues cited during the inspection process.
View MoreThe IRS recently issued Notice 2023-16, modifying the definitions of certain vehicle classifications for the new, previously owned and qualified commercial clean vehicle credits.
View MoreYou know it’s coming. You might even be dreading it. So let these expert tips help relieve some of the stress.
View MoreAfter raising the benchmark interest rate by half of a percentage point last December, the Federal Reserve increased the rate by a quarter of a percentage point at its January/February meeting.
View MoreThe Financial Accounting Foundation recently announced it will provide free, enhanced online access to the Accounting Standards Codification® and the Governmental Accounting Research System™ in an effort to make financial accounting standards more widely accessible to stakeholders and the public.
View MoreThe American Rescue Plan Act of 2021 reauthorized the Small Business Jobs Act of 2010, which established the second installment of the State Small Business Credit Initiative.
View MoreIn a recently published overview of upcoming updates to its Franchise and Excise Tax Manual, the Tennessee Department of Revenue stated it has revised its position on foreign-derived intangible income.
View MoreThe IRS recently announced that businesses can now file Form 1099-series information returns using a new free online portal called the Information Returns Intake System.
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