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Internal Revenue Service headquarters in Washington, D.C.
Banking & Finance / Government & Politics

Watchdog Sees ‘Light at The End of The Tunnel’ for The IRS

One reason for the optimism is the infusion of billions from the Democratic-powered legislation signed into law this summer. read more >
The Argentina National Congress building in Buenos Aires
Banking & Finance / Government & Politics

Argentina Eyes $100B as US Will Share Banking Data

Financial data is already shared between the two governments on a case by case basis, but this arrangement should give taxing authorities automatic access to information about such investments, whether they're made as individuals or through companies and trusts, Economy Minister Sergio Massa said. read more >
The Internal Revenue Services building in Washington, D.C.
Banking & Finance / Government & Politics / Investments

IRS Raises Contribution Limits for Retirement Savings Plans

The changes, among others announced by the IRS Friday, make it easier for retirement savers who use these types of tax-advantaged plans to set aside more of their income toward building their nest egg. read more >
Internal Revenue Service headquarters in Washington, D.C.
Banking & Finance / Government & Politics

IRS Ups Standard Deductions, Tax Brackets Due to Inflation

Some items that were indexed for inflation in the past will remain unchanged, such as the personal exemption, which remains at zero. read more >
Internal Revenue Service headquarters in Washington, D.C.
Legal

Former Haz-MERT President Agrees to Pay IRS $675KLock Icon

Sam Shannon Weathers and his wife, Melissa Sue Weathers, agreed to pay the IRS for their unpaid federal tax bill for the years 2009-2014, as well as taxes tied to Shannon Weather's former company. read more >
Internal Revenue Service headquarters in Washington, D.C.
Government & Politics / Legal / Restaurants & Food

Rod’s Pizza Responds to Uncle SamLock Icon

The famed Hot Springs restaurant is being sued by the IRS for more than $586,000 in back taxes. read more >
Business Services / Government & Politics

Expanded IRS Free-File System One Step Closer in Dems’ Bill

It's something lawmakers and advocates have been seeking for years. read more >
Energy

A Big Deal for Energy, Tinged Green All Over

Incentives for buying EVs, renewable energy production and domestic manufacturing look particularly good for Arkansas businesses. read more >
Agriculture & Poultry / Government & Politics / Legal

Little Rock Lawyer Pleads Guilty in USDA Fraud Case

Authorities say he played a role in a scheme to defraud the agency of $11.5 million. read more >
The Internal Revenue Services building in Washington, D.C.
Government & Politics / Legal / Restaurants & Food

Famed Hot Springs Pizza Joint Needs More DoughLock Icon

The government said in a lawsuit filed last week that the restaurant owes more than a half-million dollars in taxes. read more >
Business Services / Small Business

7 Ways Small-Business Owners Can Save on Taxes in 2022

Did you know the business meals deduction is up from 50% to 100% this year if the food and beverages are from a restaurant? read more >
IRS headquarters in Washington, D.C. 
Banking & Finance / Business Services / Government & Politics

Tax Season Begins 2 Weeks Early Due to Virus, IRS Funding

Avoiding a paper tax return will be more than important than ever this year to avert processing delays. read more >
Banking & Finance / Government & Politics

Under Pressure From Congress, IRS Suspends Equifax Contract

The IRS has suspended a $7.25 million contract with the credit reporting company Equifax after members of Congress complained the tax agency had awarded a no-bid contract to a company that recently had a massive data beach. read more >
Banking & Finance / Investments

Smart Uses for Your Tax Refund

Avoid splurging in favor of long-lasting benefits based on your financial situation. read more >
Energy / Government & Politics / Legal

Lowell Fraud Case Leads To 16-Count Federal Indictment For Defrauding Investors

Allen Frederick Wichtendal and Diana Stewart were indicted Thursday on 16 federal counts of defrauding investors of more than $1 million. read more >
Chris DoolittleBKD LLP

Significant 2013 & 2014 Business Tax Implications Of Health Care Reform

When the reform became law in 2010, many of the changes seemed far in the future; some don’t take effect until 2018. For this reason, the majority of small businesses have delayed the development of related strategy and planning. read more >