TAX PRO TODAY

Interest in opportunity zones peaks as higher rates loom

By Roger Russell       3 min read

OZ funds can make a good investment better, but they can’t make a bad investment a good one. Read story →

IRS plans improved security for information returns

By Michael Cohn       2 min read

The service is beefing up the security requirements for tax pros using its system for electronically filing information returns. Read story →

IRS proposes new rules for e-filing information returns

By Michael Cohn       3 min read

The Internal Revenue Service proposed regulations lowering the threshold so more employers will need to electronically file information returns such as W-2 and 1099 forms instead of filing them on paper. Read story →

Tax Fraud Blotter: Rocky roads

By Jeff Stimpson       6 min read

For rent; lien on me; really creative; and other highlights of recent tax cases. Read story →

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Xero conducts 'Emotional Tax Return' competition in Australia

By Ranica Arrowsmith       3 min read

The contest aims to reward Aussie small businesses for the emotional costs incurred during this difficult tax season.  Read story →

IRS warns of child tax credit scams

By Michael Cohn       5 min read

The Internal Revenue Service’s Criminal Investigation division is cautioning taxpayers and tax professionals to beware of scams related to the expanded Child Tax Credit in which fraudsters are trying to steal money and personal information. Read story →

IRS overlooked FEMA numbers to verify casualty and theft loss deductions

By Michael Cohn       4 min read

The service didn’t flag hundreds of millions of dollars of unsupported deductions. Read story →

Yellen confronts clashing deadlines to clinch global tax accord

By MacKenzie Hawkins and Laura Davison       4 min read

U.S. lawmakers are wary of passing any legislation until they have strong assurances that other countries will also change their laws.  Read story →

The coming shift in sales tax compliance

By Roger Russell       3 min read

A new survey by Sovos highlights the ongoing digital evolution of the field. Read story →

Wyden introduces bill to overhaul pass-through deduction and expand to accountants

By Michael Cohn       6 min read

The Senate Finance Committee chairman's legislation would streamline the 199A deduction for qualified business income, allowing accountants, lawyers, doctors and others to qualify, but phasing out above $400,000. Read story →

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