The IRS foresees better phone service for taxpayers by hiring more than 1,000 new phone assisters across all call lines.
Several provisions would tighten IRA rules for high-income individuals, and some other changes apply regardless of income level.
What are the proposed tax changes affecting individual taxpayers and what should you consider today to limit your exposure to these changes?
House Ways and Means issues its discussion draft amendment with revenue items to offset $3.5 trillion spending package.
Senator Wyden’s recent ‘discussion draft’ legislation, if enacted, would drastically alter many of the tax rules that apply to partnerships.
The Internal Revenue Service Security Summit discusses the common warning signs of identity theft and unemployment benefits theft.
A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending June 30, 2021.
Three years after the Wayfair decision, economic sales tax nexus has become the norm, but unanswered questions and numerous issues remain.
Nebraska enacts corporate income tax rate reductions over the next two years while promising more reductions in subsequent measures.
Administration issues Presidential priorities and pay-fors. Corporations and wealthy individuals face prospect of increasing tax rates.
IRS provides guidance on dependent care assistance program enhancements made due to COVID-19-related legislation.
Tax-deferral techniques—possibly spurred by a potential increase to capital gains rates—must be scrutinized, as evidenced by this IRS memo
IRS safe harbor for fiscal year taxpayers on accounting period in which to deduct PPP expenses provides choices and certainty.
PPP extension clears Senate. Program to be extended to May 31, with 30 days provided after May 31 for SBA to process pending applications.
Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.
Employers can add flexibility to their health flexible spending accounts and dependent care assistance programs per Notice 2021-15.