Latest Articles

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June 8, 2020 

IRS Expands Virtual Settlement Days

The Internal Revenue Service Office of Chief Counsel is expanding its Virtual Settlement Days program after the tremendous success achieved by three offices that took Settlement Days events virtual in May 2020.

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June 5, 2020 

Dot.CPA Website Domains Available for Firms Beginning July 1, 2020

This past June, the AICPA was awarded the .cpa (dot CPA) top level (worldwide) domain which has been reserved exclusively for entities confirmed by the AICPA to be affiliated with the CPA profession. This was done to promote long term confidence when visiting a website with the .cpa extension or receiving an email from a…

Roman Kepczyk

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June 5, 2020 

CPA Canada Data Breach Affects 329,000 Members

CPA Canada discovered that an unauthorized third party accessed certain personal information through a cyber-attack against the CPA Canada website. Upon discovering this, CPA Canada, with the assistance of cybersecurity experts, took...

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June 4, 2020 

IRS Offers Guidance on Tax Relief for Investors and QOF Funds

Taxpayers who sold property for an eligible gain and who would have had 180 days to invest in a QOF to defer that gain, may have additional time. Notice 2020-39 provides that if a taxpayer’s 180th day to invest in a QOF would have fallen on ...

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June 4, 2020 

The Outsourced CFO: Five Ways to Add Value

As an outsourced CFO you can provide the professional competence necessary to ensure “the way we do it here” produces reliable financial statements for management and lenders, facilitates regulatory compliance and provides ...

Bill Slaughter

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June 4, 2020 

IRS Interest Rates to Decrease for Q3 2020

Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.