Monthly Archives: February 2022

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IRS identifies paused taxpayer notices

Category:Uncategorized

While it works through its return and correspondence backlog, the IRS will not send out certain letters and notices, including for delinquent returns and payments.
Source: JOA News
Read More here – IRS identifies paused taxpayer notices


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SEC proposes new rules for private equity

Category:Uncategorized

Agency seeks comment on new requirements, including one that would mandate that registered fund advisers provide quarterly statements to investors.
Source: JOA News
Read More here – SEC proposes new rules for private equity


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Tax pros share IRS service challenge stories, solutions

Category:Uncategorized

The Tax Professionals United for Taxpayer Relief Coalition held an online session to examine possibilities of its four recommendations for improved IRS assistance and taxpayer relief.
Source: Tax News
Read More here – Tax pros share IRS service challenge stories, solutions


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Tax pros share IRS service challenge stories, solutions

Category:Uncategorized

The Tax Professionals United for Taxpayer Relief Coalition held an online session to examine possibilities of its four recommendations for improved IRS assistance and taxpayer relief.
Source: JOA News
Read More here – Tax pros share IRS service challenge stories, solutions


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TQA addresses health care accounting for items free of charge received for distribution

Category:Uncategorized

The AICPA issued nonauthoritative information addressing how for-profit health care business entities and nongovernmental not-for-profit health care entities may consider accounting for vaccines or other pharmaceuticals, medical supplies, or equipment received free of charge for distribution to specified patients.
Source: JOA News
Read More here – TQA addresses health care accounting for items free of charge received for distribution


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IRS backs away from facial recognition

Category:Uncategorized

The IRS scrapped plans to require individuals to authenticate their identities with facial-recognition technology to use certain online services after the plans prompted scrutiny, including from Congress.
Source: Tax News
Read More here – IRS backs away from facial recognition


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IRS backs away from facial recognition

Category:Uncategorized

The IRS scrapped plans to require individuals to authenticate their identities with facial-recognition technology to use certain online services after the plans prompted scrutiny, including from Congress.
Source: JOA News
Read More here – IRS backs away from facial recognition


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Proposal would amend auditing standard for compliance audits

Category:Uncategorized

The AICPA Auditing Standards Board is seeking comment on a proposed Statement on Auditing Standards that would update the appendix in AU-C Section 935, Compliance Audits.
Source: JOA News
Read More here – Proposal would amend auditing standard for compliance audits


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AICPA calls IRS staff reassignments a ‘positive step,’ reiterates relief goals

Category:Uncategorized

The Service deploys an “inventory surge team” to tackle backlog while a coalition of tax professionals including the AICPA continues its call for specific relief measures.
Source: Tax News
Read More here – AICPA calls IRS staff reassignments a ‘positive step,’ reiterates relief goals


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AICPA calls IRS staff reassignments a ‘positive step,’ reiterates relief goals

Category:Uncategorized

The Service deploys an “inventory surge team” to tackle backlog while a coalition of tax professionals including the AICPA continues its call for specific relief measures.
Source: JOA News
Read More here – AICPA calls IRS staff reassignments a ‘positive step,’ reiterates relief goals