Tax and financial planning news from around the web: October 7 – 11, 2024

IT best practices checklist to follow IRS guidelines when offshoring accounting staff 

Firms must consider tax compliance when offshoring accounting staff. The IRS has issued several guidelines and regulations that affect the tax implications of offshoring accounting activities. 

IRS extends tax deadlines until May for Helene victims 

The entire states of Alabama, Georgia, and the Carolinas, as well as parts of Florida, Tennessee and Virginia, qualify for tax relief.