Monthly Archives: May 2020

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Protecting seniors from COVID-19 fraud

Category:Uncategorized

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

Category:Uncategorized

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

Category:Uncategorized

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

Category:Uncategorized

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

Category:Uncategorized

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

Category:Uncategorized

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

Category:Uncategorized

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

Category:Uncategorized

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

Category:Uncategorized

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

Category:Uncategorized

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