Monthly Archives: May 2020

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Protecting seniors from COVID-19 fraud

CPAs can help thwart bad actors from cashing in on seniors during the global pandemic.
Source: JOA News
Read More here – Protecting seniors from COVID-19 fraud


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House passes bill that would relax PPP forgiveness requirements

The US House passed a bill that would relax some of the requirements that Paycheck Protection Program fund recipients need to fulfill to qualify for forgiveness from their loans.
Source: JOA News
Read More here – House passes bill that would relax PPP forgiveness requirements


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E-filing of Form 1040-X coming this summer

The IRS announced that taxpayers will be able to electronically file Forms 1040-X, Amended U.S. Individual Income Tax Return, later this summer.
Source: Tax News
Read More here – E-filing of Form 1040-X coming this summer


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E-filing of Form 1040-X coming this summer

The IRS announced that taxpayers will be able to electronically file Forms 1040-X, Amended U.S. Individual Income Tax Return, later this summer.
Source: JOA News
Read More here – E-filing of Form 1040-X coming this summer


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$10 billion from PPP pledged to lenders to underserved communities

Paycheck Protection Program Round 2 funding worth $10 billion is being set aside for Community Development Financial Institutions, which work with underserved communities.
Source: JOA News
Read More here – billion from PPP pledged to lenders to underserved communities


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Social Security fraud boosted by COVID-19 fears

CPAs can spread the word on the newest version of a longtime fraud ploy.
Source: JOA News
Read More here – Social Security fraud boosted by COVID-19 fears


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Final regs. address reporting by tax-exempt organizations

The IRS finalized regulations permitting tax-exempt organizations other than Sec. 501(c)(3) orgs. to omit the names of substantial donors when filing Forms 990, Return of Organization Exempt From Income Tax.
Source: Tax News
Read More here – Final regs. address reporting by tax-exempt organizations


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Final regs. address reporting by tax-exempt organizations

The IRS finalized regulations permitting tax-exempt organizations other than Sec. 501(c)(3) orgs. to omit the names of substantial donors when filing Forms 990.
Source: JOA News
Read More here – Final regs. address reporting by tax-exempt organizations


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UAA Model Rule changes proposed in support of CPA Evolution

The Uniform Accountancy Act Model Rules would be changed to support CPA Evolution under an exposure draft issued by the National Association of State Boards of Accountancy.
Source: JOA News
Read More here – UAA Model Rule changes proposed in support of CPA Evolution


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When planning for a natural disaster, don’t forget about your finances

Margaret Poster, CPA, shares advice for making sure your finances are in shape in the event of a disaster.
Source: JOA News
Read More here – When planning for a natural disaster, don’t forget about your finances