Monthly Archives: February 2022

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PPP forgiveness too slow in some cases, inspection finds

A report by the Office of the Inspector General found that the US Small Business Administration did not meet the 90-day statutory requirement to remit Paycheck Protection Program forgiveness payments to lenders for loans totaling $66.4 billion.
Source: JOA News
Read More here – PPP forgiveness too slow in some cases, inspection finds


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SEC seeks more disclosures of short-sale data

The Securities and Exchange Commission voted to require certain institutional investment managers to report short sale-related information each month. The SEC then would make aggregate data about large short positions, including daily short-sale activity data, available to the public for each individual security.
Source: JOA News
Read More here – SEC seeks more disclosures of short-sale data


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AICPA again asks IRS to delay K-2/K-3 reporting

Comment letters from the AICPA and state CPA societies also offer further recommendations.
Source: Tax News
Read More here – AICPA again asks IRS to delay K-2/K-3 reporting


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AICPA again asks IRS to delay K-2/K-3 reporting

Comment letters from the AICPA and state CPA societies also offer further recommendations.
Source: JOA News
Read More here – AICPA again asks IRS to delay K-2/K-3 reporting


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Proposed regulations update RMDs for SECURE Act changes

The regulations governing required minimum distributions from retirement plans would be updated to reflect various recent statutory changes under proposed regulations released on Wednesday.
Source: Tax News
Read More here – Proposed regulations update RMDs for SECURE Act changes


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Proposed regulations update RMDs for SECURE Act changes

The regulations governing required minimum distributions from retirement plans would be updated to reflect various recent statutory changes under proposed regulations released on Wednesday.
Source: JOA News
Read More here – Proposed regulations update RMDs for SECURE Act changes


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IRS offers alternative to facial recognition

A short-term option involves a virtual interview with IRS personnel to authenticate taxpayers’ and practitioners’ identities for online services.
Source: Tax News
Read More here – IRS offers alternative to facial recognition


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IRS offers alternative to facial recognition

A short-term option involves a virtual interview with IRS personnel to authenticate taxpayers’ and practitioners’ identities for online services.
Source: JOA News
Read More here – IRS offers alternative to facial recognition


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AICPA testifies to Congress on IRS service problems

In a hearing, the Senate Finance Committee heard recommendations from the AICPA’s Jan Lewis and National Taxpayer Advocate Erin Collins.
Source: Tax News
Read More here – AICPA testifies to Congress on IRS service problems


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AICPA testifies to Congress on IRS service problems

In a hearing, the Senate Finance Committee heard recommendations from the AICPA’s Jan Lewis and National Taxpayer Advocate Erin Collins.
Source: JOA News
Read More here – AICPA testifies to Congress on IRS service problems