IRS August 3, 2026
Fraudsters are mailing fake IRS letters to cryptocurrency holders in a scheme using a bogus website that aims to steal taxpayers' personal information and digital assets, IRS-CI said in a fraud alert last week.
September 15, 2020
Bloomberg Tax & Accounting has projected 2021 income ranges for each tax rate bracket. Income ranges for the tax brackets for married taxpayers filing jointly and for single taxpayers are shown below. Rate brackets for other filing statuses are ...
September 11, 2020
Employers have a growing list of concerns lately, including losing their top performers, new research from global staffing firm Robert Half shows. A large majority of senior managers surveyed (88%) said they are worried about their ...
September 10, 2020
In addition to being available in English and Spanish, the 2020 Form 1040 will also give taxpayers the opportunity to indicate whether they wish to be contacted in a language other than English. This is a new feature available for the first time this ...
September 8, 2020
The letters are being sent to people who haven’t filed a return for either 2018 or 2019. Based on an internal analysis, these are people who don’t typically have a tax return filing requirement because they appear to have very low incomes, based on ...
September 1, 2020
Now that the conventions of both major parties have wrapped up, we’re heading into the home stretch of the presidential election race. Naturally, taxes will be a major point of contention.
August 31, 2020
Victims of Hurricane Laura that began Aug. 22 now have until Dec. 31, 2020, to file various individual and business tax returns and make tax payments, the Internal Revenue Service has announced.
August 25, 2020
Transaction tax changes are on pace to reach the second highest total in the past 11 years. 150 city sales tax rate adjustments have occurred to date this year—with all but 10 being rate hikes—and those numbers aren’t likely to slow down.
![Billtrust-logo-full-color[1]](https://www.cpapracticeadvisor.com/wp-content/uploads/2020/08/Billtrust_logo_full_color_1_.5f3d42ba947e8.png){kind=logo}
August 19, 2020
By partnering with Avalara, a tax compliance software provider, Billtrust customers will benefit from an automated process to collect, validate, store and manage sales tax exemption certificates, eliminating manual work and creating a ...
August 10, 2020
Retailers with no physical presence in Tennessee are currently required to collect and remit Tennessee sales tax if their annual sales into the state exceed $500,000. Starting October 1, 2020, out-of-state businesses and marketplace facilitators must ...
August 5, 2020
This year, the Food Fight’s fundraising goal is to raise 200,000 dollars statewide during the two-week competition. If that goal is reached, it will mark one million dollars raised in total since the inception of the Food Fight and the equivalent of...
August 4, 2020
As of July 1, 2020, wineries are required to collect Chicago liquor tax on sales made directly to consumers with a Chicago address. This is a significant departure from previous policy: Chicago liquor tax applied only to sales made physically in the city through June 30, 2020. The change to the Chicago liquor tax policy only affects wineries and other wine sellers, because breweries...…
August 4, 2020
Federal, state, and local officials scrambled to support struggling businesses and individuals when the coronavirus (COVID-19) first hit. They placed temporary moratoriums on evictions, pushed income tax due dates to July 15, and waived interest and ...