The free filing program will be available in 24 states, and reach potentially 30 million taxpayers.
Day: October 3, 2024
Tax Fraud Blotter: Beat this
Let me pay that; W-2-timer; the early bird gets a cell; and other highlights of recent tax cases.
IRS workers pitch in on Helene relief
More than 500 Internal Revenue Service staff are manning FEMA phone lines, and others are deploying to help with search and rescue efforts.
FreshBooks lays off 140
Accounting solutions provider FreshBooks will be laying off 140 employees across all teams, and at all levels around the world, more than 20% of its staff of roughly 500.
IRS provides Helene relief; AICPA seeks BOI, FBAR filing extensions
The IRS said it was providing disaster relief for individuals and businesses in all or part of seven states. Also, the AICPA sent a letter to FinCEN seeking extensions for BOI and FBAR reports that match the relief that the IRS provides for other filings, both in terms of the extended due dates and geographic scope.
Economists want to trash the QBI deduction. What will voters say?
A costly provision of the Tax Cuts and Jobs Act of 2017 is in limbo as policy wonks call for either big changes or outright elimination of the policy.