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 22, 2021
Georgia May Start Taxing Digital Products in July
Lawmakers in Georgia are looking to extend the state’s sales and use tax to digital goods and services. If House Bill 594 is enacted as written, audiovisual works, electronic books, video games, and a host of other digital products and services would ...
March 18, 2021
What Do You Hear When You Listen to Your Clients?
It’s tax time and, be it virtually or in person, we’re meeting with many of our clients. In some cases, it’s the only time all year we will hear from them. We need to gather the appropriate financial information so that we can prepare their tax ...
March 18, 2021
IRS Launches “National Settlement Month”
Settlement Days events are coordinated efforts to resolve cases in the United States Tax Court by providing taxpayers who are not represented by counsel with the opportunity to receive free tax advice from Low Income Taxpayer Clinics (LITCs), American ...
March 18, 2021
Accounting Firm Helps Youth Who Age Out of Foster Care
Foster Nation helps former foster youth overcome the challenges associated with ‘aging out’ of the foster-care system. The goal is to help these young adults become self-sufficient and have the same opportunities for success as other youth.
March 18, 2021
Many Taxpayers Won’t Benefit From Delayed Tax Season
Failure to include estimated payments nullifies any benefit of a postponement since the tax return work has to be done to calculate estimated payments. More than 9.5 million individual returns filed in for the 2018 tax year included estimated payments.
March 17, 2021
IRS Makes it Official: Tax Deadline Delayed to May 17, 2021
The Treasury Department and Internal Revenue Service have officially announced that the federal income tax filing due date for individuals will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance ...
March 17, 2021
IRS Delays 2021 Income Tax Filing Deadline to May 17
April 15 is not the tax filing deadline for 2021. The Internal Revenue Service and the U.S. Department of the Treasury have announced the 2021 income tax filing and payment deadline is now May 17, 2021.
March 17, 2021
Advisory Services Best Practices: Turning Tax Return Problems Into Business Lifecycle Engagements
We got into this profession to help our clients achieve their goals and grow their businesses, and even if most of your work involves individual returns, there are still personal goals to meet. It’s time to put your advisory services hat on ...
March 17, 2021
Important Information for Parents Regarding the American Rescue Plan Act
The recent aid package included new stimulus payment amounts including an increased amount for each dependent. Additionally, there is relief for families facing unemployment by allowing an exclusion for unemployment income claimed on your tax return.
March 17, 2021
IRS Has Already Sent Out 90 Million Stimulus Payments
Additional batches and payments will be sent in the coming weeks by direct deposit and through the mail as a check or debit card. The vast majority of all Economic Impact Payments will be issued by direct deposit. No action is needed by ...
March 16, 2021
The Latest IRS Rules for Retirement RMDs in 2021
The Internal Revenue Service is reminding taxpayers about the rules for required minimum distributions (RMDs) from retirement accounts.
March 16, 2021
Vertex Extends Portfolio with Systax Solution to Simplify Tax Compliance for Brazilian Businesses
The addition of this product enables Vertex to continue to expand its content and footprint in Latin America, while extending Systax solutions more broadly in North America and Europe.