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The relief will go to about 4.7 million taxpayers — most with income under $100,000 a year — who did not receive automated collection reminder notices during the pandemic.
Source: Tax News
Read More here – IRS announces penalty relief, resumption of collection notices
The relief will go to about 4.7 million taxpayers — most with income under $100,000 a year — who did not receive automated collection reminder notices during the pandemic.
Source: JOA News
Read More here – IRS announces penalty relief, resumption of collection notices
The comment deadline on the proposed Accounting Standards Update is March 18, 2024.
Source: JOA News
Read More here – FASB addresses guidance on induced conversions of convertible debt instruments
Individual partners of partnerships and individual shareholders of S corporations can now open business tax accounts, which previously were available only to sole proprietors.
Source: Tax News
Read More here – IRS expands access to business tax accounts, adds features
Individual partners of partnerships and individual shareholders of S corporations can now open business tax accounts, which previously were available only to sole proprietors.
Source: JOA News
Read More here – IRS expands access to business tax accounts, adds features
The 2024 GAAP Financial Reporting Taxonomy and the 2024 SEC Reporting Taxonomy are now available, along with a taxonomy related to XBRL data.
Source: JOA News
Read More here – FASB releases 2024 reporting taxonomies
The IRS issued regulations on Monday providing a de minimis safe harbor from information-reporting penalties, finalizing proposed regulations issued in 2018.
Source: Tax News
Read More here – Information-reporting penalty safe harbor finalized
The IRS issued regulations on Monday providing a de minimis safe harbor from information-reporting penalties, finalizing proposed regulations issued in 2018.
Source: JOA News
Read More here – Information-reporting penalty safe harbor finalized
The report examined filings from 2020, finding that 70% of audits either fully complied with auditing standards or had minor deficiencies.
Source: JOA News
Read More here – DOL report points out deficiencies in employee benefit plan audits
The IRS issued a notice on regarding the application of the corporate alternative minimum tax to shareholders of CFCs and to affiliated groups of corporations filing consolidated returns.
Source: Tax News
Read More here – Interim guidance provided for the corporate alternative minimum tax
