The House unanimously passed legislation to strengthen taxpayer rights by making IRS collection proceedings more taxpayer-friendly, safeguard tax refunds from being unfairly taken by the IRS, and provide fair judicial review of tax liability claims. Processing Content The Taxpayer Due Process Enhancement Act (H.R. 6506), introduced by Rep. Nathaniel Moran,
A look inside what it takes to truly get the most out of your firm’s technology, based on the results of our annual Best Firms for Technology list, and with insights from Roman Kepczyk of Rightworks. Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers,
Regional Leader Abbott, Stringham & Lynch acquired San Jose, California-based ArightCo. Processing Content ArightCo provides finance, accounting and advisory solutions to businesses across the technology, software-as-a-service, IT, manufacturing and nonprofit sectors. “We are thrilled to welcome the ArightCo team to ASL and to further enhance our client accounting services with
The American Institute of CPAs sent a list of nearly 200 recommendations to the Internal Revenue Service for the IRS’s 2026-2027 Priority Guidance Plan, including several matters related to the One Big Beautiful Bill Act such as the expanded cap on state and local tax deductions, as well as Trump
Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now Almost every CPA firm owner I know ends up having the same conversation sooner or later. What is our firm worth? Sometimes it happens because someone is thinking
Ghost payroll; non-existent businesses; save you from paying; and other highlights of recent tax cases. Processing Content Grand Rapids, Michigan: James Phillip Scholten, 51, of Byron Center, Michigan, was sentenced to 20 months in federal prison for tax evasion. Additionally, Scholten was ordered to pay restitution to the IRS in
The Internal Revenue Service established a program to allow corporate taxpayers to request rulings on certain significant issues. Processing Content Revenue Procedure 2026-21, released last week, sets up a significant issue ruling program to allow taxpayers to request rulings on one or more issues that: Are solely under the jurisdiction
The Trump administration is in the process of issuing more than $35.5 billion to importers who successfully filed for tariff refunds after the U.S. Supreme Court found the president’s signature economic policy unlawful, according to a new court filing. Processing Content The payments are being processed through a new online
Intuit has expanded further into payroll, time tracking, benefits, onboarding and other human capital needs through the release of its new solution, QuickBooks Workforce. Processing Content The platform, built on the technology of the GoCo HR platform Intuit acquired last year, automates the workforce management needs of small and mid-market
Financial conquest; getting plastered; Bill of Information; and other highlights of recent tax cases. Processing Content New Orleans: Amanda Wilkerson, 57, a resident of Marrero, Louisiana, pleaded guilty to a bill of information charging her with one count of failure to pay over payroll/trust fund taxes, one count of failure