News

IRS Announces 2023-2024 Per Diem Rates for Business Traveling Taxpayers
Have you ever found yourself in a situation where you have had to travel for business and wondered how to account for the

Florida Police Deputies Charged With $500k Covid-19 Fund Theft
A shocking revelation has hit the heart of the Sunshine State as four Broward Sheriff’s Office deputies face charges for defrauding Covid-19 relief

IRS Slaps Microsoft with Whopping $29 Billion Back Taxes Bill: What Does It Mean for the Tech Giant
The Internal Revenue Service (IRS) has recently issued a hefty back taxes bill to Microsoft, amounting to a staggering $29 billion. The tech

Federal Tax Credits for Electric Vehicle Buyers Now Available at Dealerships
Are you contemplating joining the electric vehicle revolution? There’s never been a better time to take the plunge! Starting in January, eligible electric

Exploring the Assets Dispute Following Senator Feinstein’s Death
Senator Feinstein’s Death, a stalwart of American politics, has been met with a wave of tributes from across the political spectrum. Yet, behind

IRS Lowers PTIN Fees: A Fresh Start for Taxpayers Amid Brewing Court Battle
The Internal Revenue Service (IRS) has once again reduced the cost of Preparer Tax Identification Numbers (PTIN) fees, a move that is expected

5 Tax Breaks for Teachers on World Teachers’ Day
As the world celebrates World Teachers’ Day, it’s high time we appreciate the hard work teachers put into our society’s future. They are

Unveiling the True Powerball Winnings: Discover How Much You Take Home After Taxes!
Imagine yourself holding a winning Powerball ticket. The adrenaline rush, the sheer joy, and the dreams of a luxurious life come flooding in.

Republicans Urge IRS to Address ERC Delays and Potential Fraud
Amid growing concerns about the efficiency and integrity of the Employee Retention Credit (ERC) system, Republican leaders are actively pressing the Internal Revenue

IRS Enhances Digital Offerings for Tax Experts
In an era where digital transformation is at the forefront of many industries, the Internal Revenue Service (IRS) is not lagging behind. Recognizing

Government Shutdown on the Horizon: Treasury Unveils IRS Contingency Plan
The looming threat of a government shutdown has prompted federal agencies, including the IRS, to prepare for the worst. The Department of Treasury

How Are Back Taxes Calculated?
Owing back taxes to the government can be a daunting situation. Understanding how these unpaid taxes are calculated can provide clarity and help