AICPA News
The ‘mixed bag’ of economic sentiment; recent IRS news; a PCAOB update
Economic optimism is dimming, bringing revenue and profit projections down as well, but more than half of U.S. finance decision-makers say they can use more workers. Learn more about quarterly sentiment, along with a look at IRS news and more, in this podcast episode with transcript.
journalofaccountancy.com
IRS News
IRS Appeals invites input on enhancing video conference options for taxpayers and tax professionals | Internal Revenue Service
The IRS Independent Office of Appeals invites public input on best practices for conducting video conferences with taxpayers and tax professionals who have cases pending before Appeals.
irs.gov
Tax News
Bernie Sanders blasts GOP critics of Biden's student-loan forgiveness plan, says he didn't hear them 'squawking' over billionaire tax cuts
"We want to have a government that works for all working people and not just the people on top," Sanders said of Biden's student-loan debt plan.
businessinsider.com
Student Loan Forgiveness Means Higher Taxes in North Carolina — and Possibly 4 Other States
If you're eligible for student loan forgiveness, make sure you know how it'll impact your tax bill.
cnet.com
Watch Out For These Tax Red Flags After The IRS Funding Boost
Audits could very well rise for the self-employed or solopreneurs after the passage of the Inflation Reduction Act. Make sure to button up these common issues the IRS eyes at tax time.
forbes.com
From The Desk of Keith L. Jones, CPA
10 Excellent IRS Taxpayer Bill Of Rights You Should Know
The Taxpayer's Bill of Rights gives every taxpayer a set of fundamental rights they should know.
Your Taxpayer Bill of Rights codifies existing rights and makes them clearer, more understandable, and available to all taxpayers.
What does the Taxpayer Bill of Rights include?
1.The Right to Be Informed 2.The Right to Quality Service 3. Right to Pay No More than the Correct Amount of Tax 4. The Right to Challenge the IRS’s Position and Be Heard 5. The Right to Appeal an IRS Decision in an Independent Forum 6.The Right to Finality 7. The Right to Privacy 8. The Right to Confidentiality 9. The Right to Retain Representation 10. The Right to a Fair and Just Tax System
keithjonescpa.com