A Tax Preparer Went to Prison for a $4.3M Scam. She’s Now Charged in a New $5.5M Scheme, Feds Say

An Allentown, Pennsylvania couple, Jessenia Cordero and her husband Jose Baez, are facing federal charges for allegedly orchestrating a sophisticated scheme to defraud the government of millions in COVID-19 relief…

The "Convenience of the Employer" Rule Under Scrutiny: A Law Professor’s Remote Work Tax Battle Continues

The complexities of state income tax obligations for remote workers have been thrust into the spotlight with the ongoing legal challenges brought forth by a law school professor, as detailed…

Albany Budget Showdown: Tax Hike Proposals for the Wealthy Ignite Clash Between Lawmakers and Governor Hochul

A significant budget battle is currently unfolding in Albany, as state lawmakers, in their respective budget proposals, have unveiled a concerted push for tax increases targeting both wealthy individuals and…

Navigating the New Tax Landscape: Key Provisions of the One Big Beautiful Bill Act and Their Impact on 2025 Filings

As the current tax season unfolds, preliminary data from the Internal Revenue Service (IRS) indicates a notable trend: the average tax refund issued so far is exceeding figures from the…

William McCarthy to be Inducted into the Accounting Hall of Fame

Michigan State University Professor William McCarthy, a pivotal figure in accounting theory and the original architect of the Resource-Event-Agent (REA) accounting model, is set to be honored as the 128th…

AICPA Urges IRS to Broaden First-Time Abatement Program for Enhanced Taxpayer Compliance

The American Institute of CPAs (AICPA) has formally requested that the Internal Revenue Service (IRS) expand the scope of its First-Time Abatement (FTA) program to encompass a wider array of…

Ryan Acquires New York City Property Tax Firm Hucke and Associates, Bolstering its Global Real Estate Tax Practice

Dallas-based Ryan, a prominent tax services and software firm, has announced its strategic acquisition of Hucke and Associates, a well-regarded property tax consulting firm headquartered in New York City. This…

The IRS’s New 1099-DA Reporting System Reveals Massive Overstated Crypto Capital Gains for American Investors

As the Internal Revenue Service (IRS) rolls out its new 1099-DA reporting system, a critical flaw is emerging that could lead millions of American cryptocurrency investors to significantly overstate their…

Maximizing Tax Refunds and Future Security: Strategic Retirement Contributions Before the Deadline

As the annual tax season unfolds, taxpayers often find themselves laser-focused on the immediate goal of filing their returns and securing any anticipated refunds. However, a critical financial strategy that…

Alabama Lawmakers Propose Tweaks to Online Sales Tax Distribution Amidst Ongoing Revenue Dispute

Alabama lawmakers are considering a legislative adjustment to the distribution of revenue generated by the state’s Simplified Sellers Use Tax (SSUT), a move aimed at fostering good faith and advancing…