Monthly Archives: February 2023

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AICPA recommends 12 digital asset FAQs for IRS to post online

Category:Uncategorized

The AICPA has suggested questions and answers the IRS could post to assist taxpayers and practitioners in answering the question about digital assets that appears on Form 1040.
Source: JOA News
Read More here – AICPA recommends 12 digital asset FAQs for IRS to post online


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Taxpayers can now submit information online in response to 9 IRS notices

Category:Uncategorized

The change could help over 500,000 filers annually who receive these notices, including those who receive credits such as the child tax credit, the IRS said.
Source: Tax News
Read More here – Taxpayers can now submit information online in response to 9 IRS notices


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Taxpayers can now submit information online in response to 9 IRS notices

Category:Uncategorized

The change could help over 500,000 filers annually who receive these notices, including those who receive credits such as the child tax credit, the IRS said.
Source: JOA News
Read More here – Taxpayers can now submit information online in response to 9 IRS notices


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IRS misses Friday deadline to turn over $80 billion spending plan

Category:Uncategorized

Treasury Secretary Janet Yellen ordered the IRS to have the plan to her by Feb. 17. An IRS spokesman said the agency “expects to deliver the plan to the Secretary in coming weeks.”
Source: Tax News
Read More here – IRS misses Friday deadline to turn over billion spending plan


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IRS misses Friday deadline to turn over $80 billion spending plan

Category:Uncategorized

Treasury Secretary Janet Yellen ordered the IRS to have the plan to her by Feb. 17. An IRS spokesman said the agency “expects to deliver the plan to the Secretary in coming weeks.”
Source: JOA News
Read More here – IRS misses Friday deadline to turn over billion spending plan


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AICPA makes 61 proposals to Congress for changes to the Internal Revenue Code

Category:Uncategorized

The 2023 AICPA Compendium of Tax Legislative Proposals — Simplification and Technical Proposals, which includes 61 proposals covering a wide variety of subjects, opens with a proposal to standardize definitions in the Internal Revenue Code so that terms have the same meaning throughout the Code.
Source: Tax News
Read More here – AICPA makes 61 proposals to Congress for changes to the Internal Revenue Code


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AICPA makes 61 proposals to Congress for changes to the Internal Revenue Code

Category:Uncategorized

The 2023 AICPA Compendium of Tax Legislative Proposals — Simplification and Technical Proposals, which includes 61 proposals covering a wide variety of subjects, opens with a proposal to standardize definitions in the Internal Revenue Code so that terms have the same meaning throughout the Code.
Source: JOA News
Read More here – AICPA makes 61 proposals to Congress for changes to the Internal Revenue Code


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SEC adopts rule changes to reduce risks, proposes two other rules

Category:Uncategorized

The SEC adopted rule changes to reduce risks in clearance and settlement, shortening the standard settlement cycle for most broker-dealer transactions in securities, and proposed two other rules.
Source: JOA News
Read More here – SEC adopts rule changes to reduce risks, proposes two other rules


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Some corporate taxpayers eligible for IRS CAP pilot on prefiling feedback

Category:Uncategorized

The IRS announced on Monday a new pilot phase Compliance Assurance Process (CAP) program called Bridge Plus to provide prefiling return review to some large corporate taxpayers in the Bridge phase.
Source: Tax News
Read More here – Some corporate taxpayers eligible for IRS CAP pilot on prefiling feedback


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Some corporate taxpayers eligible for IRS CAP pilot on prefiling feedback

Category:Uncategorized

The IRS announced on Monday a new pilot phase Compliance Assurance Process (CAP) program called Bridge Plus to provide prefiling return review to some large corporate taxpayers in the Bridge phase.
Source: JOA News
Read More here – Some corporate taxpayers eligible for IRS CAP pilot on prefiling feedback