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A recent law change allows some recipients to not pay tax on some 2020 unemployment compensation. Continue Reading
The Treasury Department and the Internal Revenue Service today issued Notice 2021-25 providing guidance under the Taxpayer Certainty and Disaster Relief Act of 2020. Continue Reading
Following the extension of the filing and payment deadline for individuals to May 17, 2021, the IRS announced other tax deadline extensions to the same date. Continue Reading
PCAOB inspections in 2021 will focus on the effects of the coronavirus pandemic on companies’ financial reporting while also becoming less predictable, according to resources the board published Tuesday. Continue Reading
TE/GE has updated its Compliance Program and Priorities webpage, which provides information about initiatives under each compliance program’s six components that work together to promote compliance by tax-exempt and government entities. Continue Reading
This week's topics: IRS gives details on automatic refunds on unemployment exclusion; formal notice of extension of time to file 2020 Forms 1040 issued; IRS updates ERC guidance for the version for first six months of 2021; a look at the mess that is the issue of whether controlling shareholder wages can qualify for ERC. Continue Reading
The IRS warns of an ongoing IRS-impersonation scam that appears to target educational institutions, including students and staff who have .edu email addresses Continue Reading
A Government Accountability Office report has concluded that yearly federal guidance provided to single audit practitioners should be timelier and more responsive to auditors' input and needs. Continue Reading
The Oregon Department of Revenue reminds taxpayers the filing and payment deadline for 2020 Corporate Activity Tax returns is April 15. Continue Reading
The IRS today issued guidance for employers claiming the Employee Retention Credit under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) modified by the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Relief Act). Continue Reading