The Internal Revenue Service is extending the ability to electronically sign a number of different tax forms and compliance documents through the end of October 2023. In Memos NHQ-10-1121-0005 and NHQ-01-1121-0004, the IRS is extending the capability, which it had introduced during the pandemic so taxpayers wouldn’t need to visit
12 pricier days; tax preparers’ own year-end moves; state taxes galore; and other highlights from our favorite tax bloggers. Everybody’s busy season Come what may Sagenext (https://www.thesagenext.com/blog): A rundown of the year’s reforms. Palm Beach Accounting and Financial Services (https://www.pbafs.com/blog): If you’re like us and are a parent who never
Marcum LLP, a Top 20 Firm based in New York, released its 2021 Year-End Tax Guide on Monday, providing a wide range of tax-planning strategies and considerations for next year. The 71-page report contains over two dozen articles and reference tables spotlighting recent changes in tax laws and the potential
Bouncy bouncy; PPP penalty; doughnut try this at home; and other highlights of recent tax cases. Orem, Utah: Resident Louis Hansen has been sentenced to 51 months in prison for tax evasion and corruptly endeavoring to obstruct the IRS. In March 2012, Hansen gave the IRS a $342,669.41 check that
Amber Goering The Kansas Society of CPAs elected its 2021-22 officers, directors and trustees, appointing: Amber Goering, owner, Goering & Granatino, as chair of the board; Joe Ronnebaum, PwC, as vice chair; and Norman Hope, McPherson College, as secretary/treasurer. KSCPA also elected to three-year terms on the board of directors:
The Internal Revenue Service released an advance copy of a set of proposed regulations that can help taxpayers, employers and insurers navigate the complex tax rules surrounding COVID-19 testing and health insurance coverage. REG-109128-21 includes proposed regulations saying that “minimum essential coverage,” as that term is used in health insurance-related
Warren Averett became the latest accounting firm to receive capital from a private equity or investment firm, but in this case the money will go to the firm’s asset management subsidiary, which hopes to make future deals with other CPA firms to acquire their wealth management practices. Warren Averett CPAs
It’s well known that people like to feel appreciated at their job — in fact, it is one of the most sought-after rewards in the workplace. Not only does it create job satisfaction, but it also results in higher productivity and employee retention while building trust and engagement. Motivation runs
The National Society of Accountants has sent a letter to Internal Revenue Service commissioner Charles Rettig and leaders of Congress’s main tax committees asking the IRS to speed up the refunds for 2019 and 2020 tax returns and communicate better. The group cited a recent op-ed by Rettig in the
The House on Friday passed a roughly $2 trillion bill incorporating the core of President Joe Biden’s economic agenda — ramping up funding for the social safety net and increasing taxes on corporations and the wealthy — sending it on to the Senate, where it’s likely to be significantly reshaped.