Reckon

MARCH 26, 2024

The ATO backtracks and calls in previously ‘written off’ tax debts In a move that has raised eyebrows and stoked backlash from at least two federal Ombudsmen in a recent report, the ATO has resurrected old tax debts that had been previously ‘written off’. Independent MP Andrew Wilkie also weighed in on the debate.

income tax 52

income tax tax return Tax online accounting 52

CPA Practice

JANUARY 10, 2024

The report says the IRS virtually eliminated its backlog of unprocessed original individual income tax returns (Forms 1040) and substantially improved telephone service. Delays in processing amended tax returns and taxpayer correspondence. million users accessed individual online accounts. That’s just over 10%. “To

tax return 64

tax return income tax Non-Profits Tax 64

CPA Practice

JUNE 21, 2023

Biden agreed to reallocate $10 billion of the IRS’s funding in 2024 and another $10 billion in 2025 to other spending priorities. The IRS must give taxpayers robust online accounts that are comparable to accounts provided by banks and other financial institutions. billion more was cut.

tax return 64

tax return Tax account management accounting manager 64