AICPA News
AICPA recommends additional IRS backlog measures
Looking ahead to next filing season, the AICPA renews previous calls for taxpayer relief and administrative remedies to help the IRS clear overages in its return and correspondence inventories.
journalofaccountancy.com
FICPA News
Congressional Democrats faced with ticking clock on reconciliation package
Negotiations on a reconciliation bill — a successor to the Build Back Better proposal — continue in Congress. But negotiators face a Sept. 30 deadline to get the bill passed.
journalofaccountancy.com
IRS News
Tax cut pledges by Tory leadership hopefuls ‘risk stoking inflation and inequality’
Economists and Conservative opponents say proposals would blow hole in public finances
theguardian.com
Taxpayers can stay “in the know” by following IRS social media and subscribing to e-News | Internal Revenue Service
People can get the latest IRS news through the agency's verified social media accounts and by subscribing to e-News services. These communication channels keep taxpayers “in the know” about important tax matters all year, not just during filing season.
irs.gov
Clint Eastwood Wins Suit Over Fake Advertising, IRS Wins Too
Clint Eastwood has won two suits over his likeness being used to promote CBD products. He and the agency Garrapata won $2 million most recently. But the IRS gets a surprising cut.
forbes.com
Aretha Franklin Estate Settles IRS Tax Claims
The tax dispute for Aretha Franklin was about income taxes IRS claimed she had not paid during her life. Don’t income tax obligations die with you? Usually not, especially not when there is a solvent estate with assets plenty big to pay off the government.
forbes.com
From The Desk of Keith L. Jones, CPA
4 Kinds Of IRS Installment Plans Offered If You Can't Pay
More than one type of IRS payment plan for tax or installment plan exists for taxpayers who can’t pay the full amount of federal taxes they owe when they file.
keithjonescpa.com