January 10, 2022
IRS Issues Annual Report
Since the pandemic began, the IRS has successfully delivered more than $1.5 trillion to people across the nation through Economic Impact Payments, tax refunds and advance Child Tax Credit payments.
January 9, 2022
When to Expect Your 2022 IRS Income Tax Refund – Date Chart for Tax Refunds
The below chart shows an estimated timeline for when a taxpayer is likely to receive their refund, based on the information we have now, and using projections based on previous years- and depending on when a person files their return.
January 8, 2022
2022 IRS Tax Refund Dates: When to Expect Your Refund
The estimated refund date chart is below if you just want to scroll down. Most Americans who are expecting an income tax refund receive it by direct deposit in as little as 2 weeks after filing electronically.
January 5, 2022
41% of Workers Considering a New Job in 2022
More than 4 in 10 workers surveyed (41%) said they plan to look for a new job in the first half of 2022, up from 32% six months ago. The top reasons are to secure a salary boost (54%), better benefits and perks (38%), and the ability to work remotely ...
January 3, 2022
IRS Revises Form 1024 to Allow Efiling of Exempt Status Applications
Beginning Jan. 3, 2022, applications for recognition of exemption on Form 1024 must be submitted electronically online at Pay.gov. The IRS will provide a 90-day grace period during which it will continue to accept paper versions of Form 1024 ...
December 22, 2021
United States and Nation of Malta Sign Agreement on Pension Funding
IRS says that U.S. taxpayers with no connection to Malta were misconstruing the pension provisions of the Treaty to avoid income tax on the earnings of, and distributions from, personal retirement schemes established in Malta.
December 22, 2021
IRS Further Extends Tax Deadlines for Those Affected by Hurricane Ida
Victims of Hurricane Ida in six states now have until Feb. 15, 2022, extended from Jan. 3, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced.
December 22, 2021
IRS Sending Letters to Advance Child Tax Credit Recipients
The IRS is urging people receiving these letters to make sure they hold onto them to assist them in preparing their 2021 federal tax returns in 2022.
December 13, 2021
IRS Joins Nonprofit Groups to Promote $600 Charitable Tax Deduciton
The Internal Revenue Service has joined with several leading nonprofit groups to highlight a special tax provision that allows more people to deduct donations to qualifying charities on their 2021 federal income tax return.
December 10, 2021
Is Big Growth Ahead for CPA Firms?
Advances in technology, the pandemic-related shift to a fully digital workplace and rapidly evolving business models are creating huge opportunities for CPA firms – provided they take the necessary steps to stay ahead of the curve, said Erik Asgeirsson.
December 10, 2021
How Taxpayers Can Get Ready for the 2022 Tax Season
There is still time to take actions in December to help when it comes time to file federal tax returns in 2022, including special steps related to Economic Impact Payments and advance Child Tax Credit payments.
December 8, 2021
AICPA News – Dec. 2021
AICPA News is a roundup of recent announcements from the institute.
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
