The Internal Revenue Service has updated its guidance on claiming the Recovery Rebate Credit and issued a report Friday on how it responded last year to the COVID-19 pandemic. The frequently asked questions document on the 2020 Recovery Rebate Credit explains how taxpayers who didn’t receive their Economic Impact Payments,
Paul Kangail Paul Kangail was hired as tax director in the financial services group at EisnerAmper, San Francisco. Felix Jandoquile and Matt Lundgren were hired as tax managers at Lavine, Lofgren, Morris & Engelberg, San Diego. Luanna Tang and David Yuan were promoted to partner at Seiler, Redwood City, where
It is often the case that new products, services or other income streams develop in the U.S. economy before Congress and the Internal Revenue Service figure out if existing tax provisions apply or if a new law or guidance is necessary to let taxpayers know the proper treatment of these
Jonathan Curry-Edwards Jonathan Curry-Edwards was hired as a tax partner in the private client services group at Grassi, New York. Anchin, New York, promoted 11 professionals: David Beckman, Vincent Gatto, Brent Lessey and Adam Pizzo to partner; Reed Ellison and Jerico Mascarinas to director; and Xiao Jing Fei, Brendan Kurpis,
Keep it in the black; employment shuffle; distrust; and other highlights of recent tax cases. New York: Jordan Sudberg has pleaded guilty to tax evasion for 2015 through 2017 in connection with false deductions. The deductions were part of a scheme involving hundreds of business checks purporting to be payments
Chief tax officers are anticipating some major developments in the New Year when it comes to international taxation, mergers and acquisitions, technology, talent and more, according to a recent survey from KPMG. KPMG’s 3rd Annual Chief Tax Officer Outlook polled 126 CTOs from companies across various industries about global taxes,
With Senator Joe Manchin’s Dec. 19 announcement that he “can’t get there … this is a no,” it appears the Build Back Better bill is at least temporarily stalled. Where does that leave us with specialty tax areas such as research tax credits, cost segregation and energy incentives? Research tax
Technology startup LiveFlow scored $3.5 in seed funding to build a management hub to automate financial reporting. The company is building tools to enable finance teams to synchronize data from accounting services, banks, and payment platforms into customized reports. LiveFlow will use the funding to automate workflow, consolidate company accounts,
The Institute of Internal Auditors and the Association of Chartered Certified Accountants have signed a three-year renewal of their existing agreement. The renewed memorandum of understanding is expected to further strengthen and extend the current cooperation agreement between the IIA and ACCA and enable both organizations to continue to work
The Internal Revenue Service issued an early release draft this month of instructions for IRS Form 6765, “Credit for Increasing Research Activities,” to properly reflect legislation regarding the determination of qualified wages that impacts Lines 5 and 24 from the December 2020 revision. Under legislation enacted in December 2020, wages