Featured News
-
IRS updates premium tax credit FAQ
The IRS updated its FAQ on the premium tax credit to include several revisions and additions regarding eligibility, reporting, claiming, reconciling and more.
-
Interest rates to increase for Q2 2022
Interest rates for the second quarter of 2022 will increase starting April 1, the IRS recently announced.
-
DOR fact sheet explains manufacturing tax exemptions for fuel, electricity use
A new fact sheet from the Wisconsin Department of Revenue (DOR) explains state sales and use tax exemptions for fuel and electricity consumed in manufacturing.
-
WICPA joins nationwide call for delaying Schedules K-2, K-3
The WICPA is strongly supporting nationwide efforts to urge the IRS and Treasury to delay the implementation of Schedules K-2 and K-3 for the 2021 tax year.
-
Proposed regulations update RMDs for SECURE Act changes
The IRS has proposed regulations that would update existing rules for required minimum distributions (RMDs) from qualified retirement plans and annuity contracts.
-
Taxpayers can opt out of facial recognition program, IRS says
After significant backlash to its plans to use a facial recognition program to authenticate an individual’s identity, the IRS is offering live interviews as an alternative.
-
Alerting clients to tax season scams
If clients report getting suspicious calls claiming to be from the government or a financial institution, direct them to resources that can help identify the risks.
-
IRS seeks new TAP volunteers
The IRS is now accepting applications to serve on its Taxpayer Advocacy Panel (TAP).
-
PPP, ERC lead to sustained business for firms, survey finds
Compliance and consulting work tied to COVID-19 relief created new business opportunities for CPA firms, a recent consulting firm survey finds.
-
More updates to 2021 recovery rebate credit FAQs
The IRS recently updated its FAQs for the 2021 recovery rebate credit.