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  • IRS Announces Start Date for Filing Season

    January 13, 2023

    The Internal Revenue Service today announced Monday, January 23, 2023, as the beginning of the nation's 2023 tax season when the agency will begin accepting and processing 2022 tax year returns. More than 168 million individual tax returns are expected to be filed, with the vast majority of those coming before the April 18 tax deadline. People have three extra days to file this year due to the calendar. With the three previous tax seasons dramatically impacted by the pandemic, the IRS has taken additional steps for 2023 to improve service for taxpayers. As part of the August passage of the Inflation Reduction Act, the IRS has hired more than 5,000 new telephone assistors and added more in-person staff to help support taxpayers.

  • Filing Season Quick Guide — Tax Year 2022

    January 11, 2023

  • Key tax and retirement provisions in the Secure 2.0 Act

    January 4, 2023

  • IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K

    January 4, 2023

    WASHINGTON — The Internal Revenue Service today announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season. As a result of this delay, third-party settlement organizations will not be required to report tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the lower, $600 threshold amount enacted as part of the American Rescue Plan of 2021.

  • IRS announces job openings to hire over 700 new employees across the country to help taxpayers in person

    November 15, 2022

    IR-2022-197, Nov. 9, 2022 WASHINGTON – In addition to the more than 4,000 people recently hired to fill critical customer service representative positions, the Internal Revenue Service is now seeking over 700 new employees to help taxpayers at Taxpayer Assistance Centers across the country.

  • IRS Announces Acting Commissioner

    October 31, 2022

  • Legal Notice - DFA Adopt Rule 2022-6 Elective Pass Through Entity Tax

    September 9, 2022

    In compliance with Act 434 of 1967, The Arkansas Administrative Procedure Act, as Amended, notice is hereby given the Department of Finance and Administration intends to Adopt Rule 2022-6, titled, Arkansas Elective Pass-Through Entity Tax.

  • Security Summit Partners Urge Tax Pros to Create Plan for Data Safety

    August 16, 2022

    With data security incidents continuing, the Internal Revenue Service, state tax agencies and the tax industry —– known as the Security Summit — urge tax professionals to develop a security plan. One often overlooked but critical component is creating a Written Information Security Plan or WISP.

  • AICPA Seeking Input on 2024 CPA Exam Blueprints

    July 20, 2022

    The proposed 2024 CPA Exam, redesigned in response to the changing landscape of accountancy and focused on competencies crucial to the success of newly licensed CPAs, is available for review and comment.

  • Congressional Democrats faced with ticking clock on reconciliation package

    July 19, 2022

    Reconciliation Bill Deadline Looms in Congress – Potential Impact on Corporations As negotiations continue on the fast-approaching reconciliation bill, the AICPA remains active in its advocacy efforts, which includes pushing back on the implementation of a minimum book income tax on corporations. During negotiations, major components of the reconciliation package could change or be dropped altogether from a final package while new provisions could be added. The deadline to pass a reconciliation bill is September 30; with a long August recess scheduled, there is little time to pass a bill and sign into law.