Featured News
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Certain e-filed returns rejected for missing Form 8962
Starting tax year 2021, the IRS will reject e-filed returns if the taxpayer needs to reconcile advance payments of the premium tax credit on Form 8962 but does not attach the form.
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Advisory services continue to grow in firms, survey finds
Globally, most accounting firms are offering — or planning to offer — a more diversified selection of advisory services for clients, a new survey finds.
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Tax Court weighs in on reasonable compensation
The Tax Court recently found that there is a limit on the tax-deductibility of wages paid to employees by the employer.
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Gov. Evers awards $86M to small businesses, nonprofits
The Evers administration recently granted more than $86 million to small businesses in communities disproportionately affected by the COVID-19 pandemic.
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New ethics guidance for CPAs covers multiple topics
New interpretations and revisions from the Professional Ethics Executive Committee (PEEC) significantly change past guidance on ethics for CPAs.
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IRS: 45M tax refunds already issued
The IRS has distributed $152 billion through 45 million tax refunds as of March 11, the agency recently reported.
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IRS will clear backlog by year-end, Rettig says
The IRS will clear its backlog of unprocessed work by the end of 2022, Commissioner Rettig told House members earlier this week.
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SBA again extends deferment period for EIDL payments
The U.S. Small Business Administration (SBA) has extended the deferment period for COVID-19 Economic Injury Disaster Loan (EIDL) payments for the third time in the past 12 months.
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Expanded IRS multilingual resources now include Spanish Braille
The IRS recently expanded its multilingual services to include Braille, text, audio and large print products in Spanish.
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IRS offers filing relief to farmers, fishers
The IRS is granting relief to farmers and fishers for filing their 2021 tax returns, according to a new notice issued on April 15.