CPA Never under estimate the value
The IRS updated its FAQs to explain whether and how to report changes to projected 2021 income for taxpayers receiving advance child tax credit payments.
Source: JOA News
Read More here – FAQ guidance on income change reporting for advance child tax credit
The employee retention credit was created in March 2020, but changing requirements have caused some confusion over eligibility. It’s important for businesses and their tax preparers to know who can take the credit and how much relief they can receive.
Source: JOA News
Read More here – Employee retention credit: Opportunities remain
A revenue procedure clarifies Homeowner Assistance Fund payments are excluded from gross income and gives a safe harbor for computing certain itemized deductions.
Source: Tax News
Read More here – Tax treatment of COVID-19 homeowner relief payments clarified
A revenue procedure clarifies Homeowner Assistance Fund payments are excluded from gross income and gives a safe harbor for computing certain itemized deductions.
Source: JOA News
Read More here – Tax treatment of COVID-19 homeowner relief payments clarified
Erica Williams has been named chairperson of the Public Company Accounting Oversight Board. She will be joined on the board by Christina Ho, Kara Stein and Tony Thompson. Duane DesParte will continue his service on the board and will serve as acting chairperson until Williams is sworn in.
Source: JOA News
Read More here – PCAOB gets new chairperson, board members
The infrastructure bill that passed the House on Friday and is headed to President Joe Biden’s desk will terminate the employee retention credit early and require broker reporting of cryptoasset transfers.
Source: Tax News
Read More here – Infrastructure bill tax provisions include ERC termination
The infrastructure bill that passed the House on Friday and is headed to President Joe Biden’s desk will terminate the employee retention credit early and require broker reporting of cryptoasset transfers.
Source: JOA News
Read More here – Infrastructure bill tax provisions include ERC termination
Practicing due diligence and understanding state and local laws are keys to success for firms that choose to engage with this industry.
Source: JOA News
Read More here – Serving cannabis clients: Understand the risks
The IRS issued the adjusted ceilings, thresholds, and limitations for various retirement plans and individual retirement accounts for 2022.
Source: Tax News
Read More here – IRS makes retirement account inflation adjustments for 2022
The IRS issued the adjusted ceilings, thresholds, and limitations for various retirement plans and individual retirement accounts for 2022.
Source: JOA News
Read More here – IRS makes retirement account inflation adjustments for 2022
