Featured News
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IRS regs. govern misdirected refund deposits
The IRS is implementing procedures to identify and recover misdirected direct deposits.
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2021 standard mileage rates decrease
The IRS has issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
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Executive compensation regulations finalized
The IRS has issued final rules on the $1 million executive-compensation limit enacted by the 2017 Tax Cuts and Jobs Act.
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COVID-19 relief bill tackles key PPP issues
The $900 billion coronavirus relief package passed by Congress provides $284 billion for a revised Paycheck Protection Program.
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Small business optimism persists amid COVID-19
Businesses and consumers alike are finding ways to adapt and stay resilient during the COVID-19 pandemic, a new study finds.
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IRS extends e-signature acceptance period
The IRS is extending the period in which it will accept digitally signed and emailed documents due to the COVID-19 pandemic.
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FASB addresses revenue contracts in business combinations
FASB has proposed a new accounting standard designed to increase consistency in the accounting for revenue contracts with customers acquired in a business combination.
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IRS sending letters re QOFs
The IRS has started sending letters to taxpayers who may need to take additional actions related to qualified opportunity funds.
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Some remote workers unaware of potential tax consequences
The results of a new survey indicate CPAs may find themselves spending a lot of time educating clients about the state tax implications of working remotely during the pandemic.
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IRS: Volunteers needed for free tax prep help
The IRS is seeking volunteers to provide free tax return preparation through its Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs.