CPA Never under estimate the value
For tax returns with a Sept. 15 due date that were affected by an e-filing software outage, the IRS will treat a return and any elections that were filed with that return as timely filed if the taxpayer successfully e-filed the return and any elections by Sept. 17, 2020.
Source: JOA News
Read More here – Returns affected by e-filing outage will be timely if filed by Sept. 17
A survey of U.S. finance decision-makers sheds light on the precautions businesses are taking and how they plan to address future office space needs.
Source: JOA News
Read More here – Safety of employees, customers ranks as top pandemic-related concern
The SEC voted to amend rules that govern its whistleblower program and the amount a shareholder must hold to have a proposal included in a company’s proxy statement.
Source: JOA News
Read More here – SEC amends rules for whistleblowers, shareholder proposals
The forgiveness aspect of the Paycheck Protection Program remains a source of uncertainty for CPAs. This collection of facts and frequently asked questions can help CPAs understand what to do amid the confusion.
Source: JOA News
Read More here – PPP loan forgiveness: What CPAs should be doing now
Pandemic-related accounting issues for health care entities are addressed in new AICPA guidance that has been added to a list of previously posted frequently asked questions.
Source: JOA News
Read More here – New FAQs address health care entity pandemic accounting
The IRS issued guidance telling lenders they should not file Form 1099-C, Cancellation of Debt, or furnish a payee statement to the borrower when a Paycheck Protection Program loan is forgiven.
Source: Tax News
Read More here – Lenders will not file Form 1099-C for forgiven PPP loans
The IRS issued guidance telling lenders they should not file Form 1099-C, Cancellation of Debt, or furnish a payee statement to the borrower when a Paycheck Protection Program loan is forgiven.
Source: JOA News
Read More here – Lenders will not file Form 1099-C for forgiven PPP loans
The IRS issued final regulations for distinguishing trusts’ and estates’ allowable deductions from miscellaneous itemized deductions currently suspended by the law known as the Tax Cuts and Jobs Act.
Source: Tax News
Read More here – Final regs. outline trust and estate expenses still deductible under TCJA
The IRS issued final regulations for distinguishing trusts’ and estates’ allowable deductions from miscellaneous itemized deductions currently suspended by the law known as the Tax Cuts and Jobs Act.
Source: JOA News
Read More here – Final regs. outline trust and estate expenses still deductible under TCJA
Environmental, social and governance measures and disclosures released by the World Economic Forum are designed to make it easier for companies to benchmark their sustainable business performance.
Source: JOA News
Read More here – New ESG reporting metrics released by World Economic Forum
