CPA Never under estimate the value
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
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
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
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
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
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
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
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
The Committee of Sponsoring Organizations of the Treadway Commission has published new guidance on risk appetite and its critical links with strategy and decision-making.
Source: JOA News
Read More here – COSO provides new guidance on risk appetite
The IRS issued long-promised proposed regulations explaining how taxpayers who may qualify for the Sec 36B premium tax credit are affected by the temporary reduction of the personal exemption deduction under Sec. 151 to zero.
Source: Tax News
Read More here – Premium tax credit unaffected by personal exemption decrease to zero
