AICPA Tax Advisor

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Updated: 55 min 45 sec ago

House OKs $78B tax bill with changes to ERC and child tax credits

Thu, 2024-02-01 16:34
The bill, which now goes to the Senate, also delays amortization of research or experimental costs and restores tax breaks for companies from 2017’s Tax Cuts and Jobs Act.
Categories: Accounting & Taxes

Don’t wait on action on tax bill to file returns, IRS tells taxpayers

Mon, 2024-01-29 15:30
With tax season opened as of Monday, Commissioner Danny Werfel said the IRS will handle any necessary changes if a bill passes after returns are filed.
Categories: Accounting & Taxes

IRS to hold ERC education sessions for tax pros in February

Mon, 2024-01-29 10:07
The sessions, which will be hosted by IRS Criminal investigation special agents at locations nationwide, are aimed at tax professionals who claimed ERCs for clients on previous years’ tax returns.
Categories: Accounting & Taxes

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