Speaking at ENGAGE, Erin Collins asks: How does the IRS fight bad tax advice on TikTok when employees are not supposed to access it?
Day: June 7, 2024
Supreme Court: Insurance proceeds increase corporation’s estate tax value
In a unanimous decision, the Supreme Court holds that life insurance proceeds a corporation receives to fund a share redemption agreement increases the corporation’s estate tax value.
IRS backlog grows from tax adjustments
While the Internal Revenue Service has managed to reduce its backlog of unprocessed tax returns since the pandemic, one area where it’s losing ground is in processing all the documentation for tax adjustments.
Fraud victims hit by ‘double whammy’ of theft, taxes on stolen funds
The growing number of fraud victims who suffer staggering financial losses often find themselves having to pay Uncle Sam for their missing income, experts say.
ID theft victims wait longer to receive refunds
The amount of time that identity theft victims have to wait for tax refunds has increased as the Internal Revenue Service has shifted priorities, with some waiting nearly two years.
Breaking down a scheduled tax season
Here’s a step-by-step guide to calendar blocking.
UK tech mogul beats HP fraud case
Prosecutors alleged that Autonomy used a number of manipulations to make its revenue growth appear better than it was, so vendors would then buy the company’s products.
Finance execs waver on economy, remain neutral on their own businesses
The percentage of respondents optimistic about the U.S. economy dropped since the first quarter. Own-organization optimism remains for about 50% of CPA decision-makers in a new AICPA & CIMA survey.