
Jeff Stimpson
Freelance writerJeff Stimpson is a veteran freelance journalist who previously served as editor of The Practical Accountant.

Jeff Stimpson is a veteran freelance journalist who previously served as editor of The Practical Accountant.
The IRS is rolling out a voluntary disclosure program to let businesses pay back Employee Retention Credits they claimed in error.
The new deduction rates apply to electric and hybrid vehicles, as well.
The regulations address new subsections of the law from the SECURE 2.0 Act.
Fraudsters are ever-inventive, and accountants and tax pros need to make sure their clients keep vigilant.
The IRS has compiled a list of mistakes they often see on tax returns.
More than 60 tax provisions are going up, according to Rev. Proc. 2022-38.
A ‘wave’ of claims for the Domestic Production Activities Deduction sparks an alert.
With vast numbers of clients working outside the office, practitioners are advising care.
Many taxpayers want to pay less themselves — but want others to pay more.
The thresholds will all rise, according to the IRS.
The COVID-19 pandemic has infected the service’s annual list of top tax scams.
The rollover period has been extended to Aug. 31, allowing some clients to breath a sigh of relief.
Tax pros share what they’re telling clients about relief for the jobless during the pandemic.
The IRS announced upward adjustments for 401(k), 403(b)s and other plans.
"It’s still a very sketchy area," one accounting professional says.
The agency will allow some Texas residents to file certain individual and business tax returns and make some tax payments as late as Jan. 31.
Just in case clients are looking to cut few corners, here are some of the most common tax frauds that the agency is ready to pounce upon.
In recent tax years, some 12 million filers opted for a Form 4868 to buy another six months to file their return.