The Internal Revenue Service recently released three pieces of guidance for retirement plans, reducing a user fee, modifying its policy on issuing opinion and advisory letters, and changing the pre-approved program for cash balance plans. Revenue Procedure 2018-19,...

The House voted Wednesday to pass bipartisan legislation to modernize the Internal Revenue Service’s information technology systems, a day after a computer crash temporarily suspended processing of tax returns on the date of the filing deadline. The bill would also...

If you have already filed your federal tax return and are due to receive a refund, you can check the status of your refund online. Where’s My Refund? is an interactive tool on the IRS website. Regardless of whether you have split your refund among several...

Discussing business with a current or potential client/customer over a meal or drinks has been de rigueur for years, but with the Tax Cuts and Jobs Act no longer allowing deductions for common business expenses that would qualify as entertainment, the AICPA is...

Visitors walk in front of the U.S. Supreme Court building in Washington, D.C. U.S. Supreme Court justices signaled they are divided about whether to let states start collecting billions of dollars in sales taxes from internet retailers that don’t currently charge...

Every year the IRS processes more than 120 million tax returns that arrive by mid-April and spits back some $300 billion in refunds. Last year, about 90 percent of returns submitted by April 21 were e-filed, according to IRS data. Tax Day was on April 17 this year,...

Like most people, you want to decide how and when to receive your Social Security benefits. After all, it’s a personal decision—you need to decide what will work best for you. Now think about how you would feel if you found out that a stranger made that decision...

For President Donald Trump, Tax Day isn’t today — it’ll be Oct. 15. Trump filed an extension for his 2017 tax return “as do many Americans with complex returns,” White House Press Secretary Sarah Huckabee Sanders said in a brief statement. “He will...

Taxpayers who rushed to complete Form 1040 by Tuesday’s deadline can take some comfort from the fact that they’re exceedingly unlikely to get a follow-up visit from the Internal Revenue Service. Over the past 50 years, audit rates have fallen pretty steadily....

As you finish up your college career, you may be considering becoming a CPA. Many new accountants wonder if the benefits really outweigh the challenging process of getting credentialed. The reality is, becoming a CPA is not for everyone and it really depends on your...