Expert Insights Tax & Accounting

As of May 13, 2023, the IRS had 4.2 mil unprocessed individual returns, 2 mil need error correction or special handling, 2.2 are paper returns

In this article, we’ll go through the ins and outs of the OECD’s BEPS Pillar Two, providing you with a solid basis for understanding and a launch point for next steps.

Deadlines apply to performing certain IRA-related actions. In the case of a disaster declaration, of which there have been many thus far in 2023, the IRS will extend certain deadlines, resulting in additional time for many actions to be completed.

The report discusses whether the IRS could offer taxpayers a free and voluntary way to file their taxes, commonly referred to as “Direct File.”