IRS May 29, 2026
IRS Increases Health Savings Account Limits for 2027
The IRS on Friday released its annual inflation-adjusted amounts for health savings accounts for calendar-year 2027, with across-the-board increases.
October 26, 2020
Can Airlines Survive the Covid Winter?
The resurgent Covid-19 pandemic is pushing back the recovery in air travel, turning winter into a survival test for carriers now pinning hopes on a spring rebound.
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October 26, 2020
25% of Consumers Say They’ve Already Finished 2020 Holiday Shopping
With the COVID-19 pandemic casting a shadow of uncertainty over traditional holiday gatherings and celebrations, many consumers in the U.S. are using their wallets to get into the holiday spirit – for better or for worse.
October 26, 2020
Quarterly Payroll Tax Returns Due Oct. 31
The next quarterly payroll tax return due date is Oct. 31, and the Internal Revenue Service urges business owners to use the speed and convenience of filing the returns electronically.
October 26, 2020
Corvee Tax
Tax planning software for accounting firms designed to help you save clients money on taxes. Automated client requests for agreements, engagement letters, file requests, questionnaires, tax planning and more.
October 26, 2020
AICPA Names COVID-19 Student Hardship Grant Recipients
The AICPA and its Foundation offer a variety of scholarships to help students complete their accounting education and earn their CPA. Current recipients of one of the AICPA’s Legacy Scholarships or CPA Exam Scholarship are not eligible for the ...
October 26, 2020
Corvee Launches Proactive and Strategic Tax Planning System
Corvee, a software and solutions company which serves tax and accounting firms, has launched its new Tax Planning software to give accounting firms and tax professionals the ability to formulate a tax savings calculation, develop a proactive and ...
October 26, 2020
Set Yourself Some Deadlines
There are historical references from the 19th century supporting an origin of the word, deadline, indicating a line or ditch created around the perimeter of a prison, over which if a prisoner crosses he (or she) will be shot dead.
October 23, 2020
IRS Issues Revised Instructions on 1065 Parter Tax Basis Capital Reporting
The IRS has released an early draft of the instructions to Form 1065, U.S. Return of Partnership Income, for tax year 2020 (filing season 2021) that include revised instructions for partnerships required to report capital accounts to partners on ...
October 23, 2020
IRS Offers Another Limited-Time Settlement Option for Micro-Captive Insurance Schemes
In 2016, the Department of Treasury and IRS issued Notice 2016-66, which identified certain micro-captive transactions as having the potential for tax avoidance and evasion.
October 23, 2020
IRS Makes Final Push to Get Stimulus Payments to Those Who Haven’t Gotten One Yet
The IRS has already sent nearly 9 million letters to people who may be eligible for the $1,200 Economic Impact Payments but don’t normally file a tax return. The letters, along with the special Nov. 10 event, both urge people to use the...
October 23, 2020
AICPA and 11 Additional Organizations Support Bill That Protects Public Service on State Licensing Boards
The bi-partisan bill still allows for enforcement of anti-trust laws by federal and private entities and sets certain standards for licensing boards if they are to be immune from damages.
October 23, 2020
IRS Launches New Form Replacing 1099-MISC for Contractors in 2020
For years, businesses used Form 1099-MISC to report calendar-year payments exceeding $600 to individuals who performed business services. These include vendors, independent contractors, freelancers, and consultants.