The Progressive Accountant

Tax Season Returns Catching Up

The number of tax returns received by the Internal Revenue Service remained .7 percent behind a year ago. But results  released this week continue to show improvement as statistics for the tax season through February 23 compared to those through February 24 a year ago.

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Updated Withholding Calculator Released

IRSThe Internal Revenue Service has released an updated Withholding Calculator on IRS.gov. They agency has also issued  a new version of Form W-4 so taxpayers can check their 2018 tax withholdings under the new tax laws.

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Deloitte to Pay $149.5M Over Lender Audit

DeloitteDeloitte & Touche has agreed to pay $149.5 million in its role auditing failed mortgage originator Taylor, Bean & Whitaker Mortgage Corp. TBW originated loans insured by the Federal Housing Administration. The government alleged the accounting firm knowingly deviated from applicable auditing standards.

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