by usoftax_admin | Jan 8, 2025 | Tax News
Tax preparation giant H&R Block will pay a $7 million fine to help customers harmed by what the Federal Trade Commission called its deceptive advertising practices and make it easier for customers to downgrade to cheaper products under a settlement with the agency... by usoftax_admin | Jan 8, 2025 | Tax News
The Internal Revenue Service updated guidance Wednesday related to disputes over whether individuals are considered employees for employment tax purposes as well as clarified situations in which an employer can remit unpaid taxes at reduced rates in cases where the... by usoftax_admin | Jan 8, 2025 | Tax News
The Public Company Accounting Oversight Board in 2024 brought more enforcement actions against auditors and imposed increasingly higher monetary penalties, showing that it was not afraid to exercise its power to fine and reprimand firms, a trend that will likely... by usoftax_admin | Jan 8, 2025 | Tax News
A healthcare consultant digitally altered documents to claim unwarranted deductions, including one for a three-day hospital stay the medical facility said never happened, according to a U.S. Tax Court ruling Wednesday that sustained $53,000 in taxes and fraud... by usoftax_admin | Jan 8, 2025 | Tax News
Continued delays in processing employee retention tax credit claims is the most serious problem facing the Internal Revenue Service, the national taxpayer advocate said Wednesday in her annual report to Congress, recommending that the agency lift its moratorium on...