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Treasury Department Aims to Upgrade IRS IT
It is pretty hard to do any of our jobs without the proper technology. This is especially true for the IRS, the agency responsible for collecting taxes which ultimately funds nearly […]
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2022 Tax Scams Identified by IRS
If it seems too good to be true, it probably is. This adage rings especially true for tax scams. Recently, the IRS began its “Dirty Dozen“ list for 2022, which includes potentially […]
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IRS Catching Up on 2021 Returns
The IRS recently announced that it has nearly caught up on a key group of individual tax returns filed during 2021, and business paper returns filed in 2021 will follow […]
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Pay Equity Requirement for New York Contractors
If your company does business with New York, there is a new law that could impact your likelihood of winning work. Like many states and municipalities, New York (both City […]
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Do You Have a Disaster Recovery Plan?
How hard would it be for you or your business to recover if you are hit by a natural – or even man-made – disaster? How long would it take […]
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Mileage Rates Increases Again
Back in January, we notified you of the 2022 increase in mileage rates to 58.5 cents per mile for business use. But as gas prices have continued to rise in […]
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More Businesses Need to E-File
A recent report by the Treasury Inspector General (IG) for Tax Administration focused on the need for the Internal Revenue Service to expand its electronic filing capabilities to better manage […]
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2022 Connecticut Child Tax Rebate
The Connecticut General Assembly recently authorized a child tax rebate of $250 per child with a maximum of $750 to help families with children. To be eligible, you must meet […]
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Letters Sent to Taxpayers Missing Qualified Opportunity Fund Information
Did you invest in a Qualified Opportunity Zone Fund (QOF) in 2021? If so, you may have received, or may still get, a letter from the IRS if you need […]
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Educator Deduction Increases for 2022
After 20 years with no increase, educators will be able to deduct up to $300 of out-of-pocket classroom expenses when they file their federal income tax return for tax year […]
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Tax Gap Close to $1 Trillion
IRS Commissioner Charles Rettig told members of the House Committee on Oversight and Reform’s Government Operations Subcommittee that the gap between taxes owed and taxes collected by the Internal Revenue […]
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Don’t Fall for These IRS Myths
False info about taxes is not all that uncommon, but recently the IRS addressed the following common myths about refunds: Myth 1: Calling the IRS or visiting an IRS office […]
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