The Treasury Department and the Internal Revenue Service announced that North Carolina will be the latest state to join the IRS Direct File free tax program in filing season 2025.
Day: August 19, 2024
Baby season vs. busy season
Accountants are planning their pregnancies to avoid having children during tax and audit busy seasons — and they’re not happy about it.
Tax deadline next year looms large as Democrats rally in Chicago
Vice President Kamala Harris and former President Donald Trump have laid out widely divergent plans for handling the sunset date for many parts of the TCJA.
PCAOB ramps up enforcement against auditors
The board brought 34 actions against 45 respondents and imposed a record $35 million in penalties in the first half of 2024.
AICPA joins coalition to fight intensifying tax scams, schemes
The Coalition Against Scam and Scheme Threats (CASST), convened at the request of IRS Commissioner Danny Werfel, will work toward having new protections in place by the 2025 filing season.
Synapse crisis shows ledgers are key
Many cutting-edge fintech companies, such as now-bankrupt Synapse, lack essential infrastructure to effectively reconcile transactions, track funds, and maintain visibility into ledgers.