Recent Articles
Biden names Daniel Werfel as the next IRS Commissioner.
Werfel, a former IRS acting commissioner, is the global leader of the Boston Consulting Group’s Public Sector practice. President Biden has nominated Daniel Werfel, a former acting IRS commissioner during the Obama administration and current managing director and partner at...
Home improvements may be tax-deductible as medical expenses.
If you make a home improvement that is regarded medically necessary, you may be eligible for a tax break in some limited circumstances. Normally, the cost of major home improvements like a roof replacement or a deck installation won’t qualify...
The IRS is seeking public feedback on proposed changes to the UTP form.
The IRS thinks the draft modifications to Schedule UTP and its instructions will benefit the form. For the 2022 tax year (the processing year 2023) Schedule UTP and the UTP Instructions, taxpayers have until the end of the day on...
What Retirees Should Know About IRA Contribution and Income Limits in 2023
Here’s what employees should know about the IRS’s most recent changes. If you use a traditional or Roth IRA to save for retirement, the IRS has some good news for you. You can make an extra $500 contribution to either...
CPA Communication Tips for the Digital Age
Keep customers by customizing their services to suit each person’s needs and focusing on the most important tasks, like boosting their business’s revenue. The year 2022 will come to an end, and a new year will begin. Every year, we...
The IRS Appeals Office has established its priorities for the coming year.
The IRS Independent Office of Appeals has laid out a taxpayer service initiative that is scheduled to begin in 2023. The IRS Independent Office of Appeals on Friday released its focus guide for the fiscal year 2023, which outlines actions...