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Significant provisions of the federal Consolidated Appropriations Act, 2021, were not adopted into Wisconsin law and will affect the filing of 2020 Wisconsin tax returns, the DOR announced.

The IRS is delaying the start of the 2020 tax filing season to Feb. 12 to give the agency more time to prepare amid the ongoing COVID-19 pandemic.

All taxpayers who can verify their identities are now eligible for the Identity Protection PIN (IP PIN) opt-in program, the IRS recently announced.

The .cpa domain application window opens Friday, Jan. 15, for licensed CPAs to apply for on an individual basis, the AICPA announced.

The SBA and Treasury have released procedural guidance that details requirements for the second round of PPP borrowers to reapply for a loan or request a loan increase.

The application window for PPP forgivable loans opens Friday, Jan. 15, for lenders with $1 billion or less in assets, the SBA and Treasury announced.

The AICPA expects the federal government to open the PPP application process for all lenders by Friday and encourages firms to advance the application process for small business clients.

Final regulations on the tax treatment of carried interests issued by the IRS retain the basic structure of regulations proposed in August with certain changes.

Wisconsin’s state and local tax burden dropped below the national average, according to a new report from the Wisconsin Policy Forum.

To get the most out of Zoom meetings, attendees can take steps to remove distractions and prevent counterproductive multitasking.