The Lady in fed; an education in fraud; dependent-happy; and other highlights of recent tax cases.
Day: February 8, 2024
Baker Tilly grows global revenue 11%
The international network’s revenue reached $5.2 billion for the fiscal year ended Dec. 31, 2023.
Hedge funds to share more on their strategies under SEC rule
New rules will require firms to provide more details with watchdogs, including investments, borrowing and counterparty exposure.
IRS warns tax pros about new EFIN scam
The Internal Revenue Service issued a warning about a new scam email this tax season pretending to come from tax software providers asking for the preparer’s Electronic Filing Identification Number.
IRS Direct File progresses through internal testing
The Internal Revenue Service’s Direct File free tax system has passed a key hurdle in the pilot test, passing muster with a dozen IRS employees successfully filing returns in as many states.
Form 1099-K frequently asked questions revised
Almost 50 new or updated frequently asked questions for the IRS’s Form 1099-K, Payment Card and Third Party Network Transactions, published Tuesday, include guidance on common situations, along with more clarity for the payment card industry about which organizations should send Forms 1099-K.