IRS August 3, 2026
Blanche’s Attorney General Bid to Move Ahead with Fund ‘Dead’
Two GOP holdouts—Sens. John Cornyn, R-Texas, and Thom Tillis, R-N.C.—say they'll vote to confirm acting attorney general Todd Blanche after delay.
March 29, 2021
Another Look at the Tax Effects of the American Rescue Plan of 2021
The good news is the first $10,200 that most taxpayers received in unemployment benefits of up to $10,200 are not taxable for 2020. If you have already filed your tax return for 2020 the IRS is asking you to not file an amendment, as they will take ...
March 29, 2021
Tax Deductions: IRA Contributions Can Be Made Until May 17, 2021
Contributions to a traditional IRA are usually tax deductible, and distributions are generally taxable. There is still time to make contributions that count for a 2020 tax return, if they are made by April 17, 2021. Taxpayers can file their return ...
March 29, 2021
IRS Extends More 2021 Tax Deadlines, But Estimated Payments Still Due April 15, 2021
The IRS says individuals also now have until May 17, 2021 to meet certain deadlines that would normally fall on April 15, such as making IRA contributions, but the estimated tax payment deadline is still April 15, 2021.
March 28, 2021
IRS Ramps Up Covid Fraud Investigations
To learn more about COVID-19 scams and other financial schemes visit IRS.gov. Official IRS information about COVID-19 and Economic Impact Payments can be found on the Coronavirus Tax Relief page, which is updated frequently.
March 28, 2021
AICPA Thanks Congress for PPP Extension
The additional 60 days provided by the PPP Extension Act will greatly help small businesses, non-profits and the CPAs that serve them complete existing and file new PPP loan applications. AICPA believes that this extension gives the SBA time to update ..
March 25, 2021
Congress Considers $15,000 First Time Homebuyer Credit
A refundable, advanceable tax credit of up to $15,000 for first time homebuyers, being considered in future tax and economic stimulus legislation, could catapult millions of renter households into first-time homeownership, a new Zillow analysis suggests.
March 25, 2021
Will Digital Advertising Taxes Spread in 2021?
As Maryland prepares to enforce the first digital advertising tax in the nation, Massachusetts and several other states are pursuing digital advertising taxes of their own.
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March 24, 2021
FICPA Virtual Mega Conference Scheduled for June 9-11, 2021
This year’s MEGA Conference is a three-day, virtual event from June 9-11, with an additional half-day of complimentary, TED-style learning labs scheduled for June 8.
March 24, 2021
Major Boost to Tax Credits for In-Home Employment
Most families will see their tax breaks for care-related expenses at least double and some will see them at least triple, and find it significantly cheaper to pay legally – and take advantage of the tax breaks – than to pay under the table.
March 24, 2021
Retailers Still Challenged by Wayfair and Marketplace Sales Tax Laws
The United States Supreme Court decision in South Dakota v. Wayfair, Inc. set off an avalanche of economic nexus and marketplace facilitator laws. More than two years later, retailers of all sizes are still grappling with the debris.
March 23, 2021
Thomson Reuters Partners With Armanino LLP for Sales and Use Tax Compliance
Thomson Reuters has partnered and provided integration of its indirect tax solutions with Armanino LLP, one of the 25 largest independent accounting and business consulting firms in the nation.
March 22, 2021
Alcohol Sellers Face More Complex Nexus Rules
When we talk to direct-to-consumer (DTC) shippers of alcohol, fairly consistently there’s either a lack of awareness about how economic nexus laws can impact their business or a lot of confusion about when and how nexus changes their tax compliance ...