Opinion: Now is the time for American farmers to harness the power of AI
Agriculture has always been a complicated business in a constant state of change. Those who recognize and embrace this reality will succeed while others will be left behind.
2024 filing season could be paperless, IRS says
Former IRS Commissioner Mark Everson compares the efforts of the IRS to go paperless to the interstate highway system of the 1960s, when he was a child.
CPA firms facing talent shortage hike starting salaries 14%
More than 300,000 accountants left the profession during the past two years either to start retirement, enter a new line of work or for other reasons, alliantTALENT said, citing Bureau of Labor Statistics data.
Less than 1% of accounting firms can find enough staff
The piece is currently living on the site’s homepage and the stats included show that CPA leaders are unable to find the accountants they need are turning toward
IRS starts paperless processing initiative
The Internal Revenue Service hopes to process all of the tax correspondence, notice responses and nontax forms it receives digitally in the next two years in an effort
IRS unveils ‘paperless processing initiative’ for taxpayers. Here’s what to expect
The IRS has unveiled plans to offer digital correspondence for the 2024 tax season, building on the agency’s decade-long overhaul of improved service, technology and compliance.
IRS stops most home visits over employee safety concerns and scams
IRS agents won’t be knocking on Americans’ doors unannounced anymore because of increasing worries over agents’ safety and imposter scams.
IRS plans improvements to audit large partnerships
The Internal Revenue Service is using the extra funding it received from the Inflation Reduction Act to audit big complex partnerships using data analytics and other technology tools
Employee Retention Credit: Afraid Of IRS Knocking? — What To Do
I have written recently that taxpayers need to beware of “too-good-to-be-true” pitches for the Employee Retention Credit (ERC) and that business owners need to be “eyes open” about whether they qualify for the ERC.
IRS faces $20 billion cut under debt ceiling deal
Last year, Congress approved $80 billion in new funding for the Internal Revenue Service — but the bipartisan debt ceiling deal would claw some of that money back.