Featured News
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Could your organization be a cyberattack target?
Recent breaches have shown us how underprepared we are for major cyberattacks. Private sector companies must be as vigilant as the public sector, and the two must work together for maximum effectiveness.
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Families to receive child tax credit payments starting in July
The IRS will send the first monthly payments of the expanded and newly-advanceable child tax credit to eligible families on July 15.
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IRS starts refunds for tax returns claiming unemployment benefits
The IRS is starting to issue refunds to Americans who overpaid taxes on unemployment benefits this year.
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Taxpayers deserve pandemic penalty relief, AICPA says
In a May 15 letter to the IRS, the AICPA urged the agency to use “fair, reasonable and practical” penalty relief measures to mitigate the coronavirus pandemic’s impact on taxpayers.
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IRS extends application deadline for Tax Advocacy Panel
The IRS has extended the deadline for civic-minded volunteers to apply for membership on the Taxpayer Advocacy Panel for 2022.
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IRS offers overview of American Rescue Plan tax provisions
The IRS has provided an overview of some of the key tax provisions in the American Rescue Plan Act.
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2022 HSA, excepted-benefit HRA amounts increase slightly
The IRS on May 10 provided 2022 inflation-adjusted amounts pertaining to HSAs and the maximum amount that may be newly available for certain HRAs.
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AICPA emphasizes key areas of paid tax preparer regulation for Congress
In support of the Biden administration’s proposal to regulate paid tax preparers, the AICPA highlighted six key areas in a letter to Congress.
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Taxability of dependent care assistance programs for 2021, 2022
The IRS has issued guidance on the taxability of dependent care assistance programs, clarifying that amounts attributable to carryovers or an extended period for incurring claims generally are not taxable.
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SBA sending first wave of RRF payments
The SBA is sending its first wave of payments from the Restaurant Revitalization Fund (RRF) to more than 16,000 restaurants and other food establishments.