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With tax authorities scrutinizing partnerships, CPAs and tax pros need to think more strategically about filing for extensions.
April 4WealthAbility -
Some companies are misrepresenting when food and wellness expenses can be paid for by FSAs, HSAs and other health spending plans.
March 8 -
The IRS wants to help businesses know when they don't qualify for an Employee Retention Credit.
February 13 -
The Internal Revenue Service has updated its frequently asked questions to offer more guidance on what kinds of components can be used in electric vehicles to qualify for tax credits.
December 27 -
The IRS is rolling out a voluntary disclosure program to let businesses pay back Employee Retention Credits they claimed in error.
December 21 -
The new deduction rates apply to electric and hybrid vehicles, as well.
December 15 -
A short window won't necessarily stop lawmakers from proposing or introducing new legislation, though — if only to position themselves ahead of next November's election.
November 27 -
Among other things, they may unintentionally snare mutual funds, an expert testifies.
November 21 -
The service will postpone the lower threshold, but will phase in a threshold of $5,000 for tax year 2024.
November 21 -
The Treasury and the IRS issued laid out possible regs to update the investment tax credit rules to encompass various forms of renewable energy.
November 20