Featured News
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DtC alcohol shippers’ eligibility for SST benefits
Clients in the alcohol shipping market will soon be eligible to receive some relief for their sales tax obligations under the latest streamlined sales tax agreement.
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New FAQs re health care entity pandemic accounting
The AICPA has added to its FAQs webpage that provides guidance for health care entities on COVID-19 pandemic-related questions.
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Gov. Evers announces $5M for broadband expansion
Gov. Tony Evers is directing more than $5 million of federal funding to expand broadband internet in unserved and underserved areas of the state.
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IRS provides two-day cushion after Sept. 15 e-filing outage
The IRS will treat tax returns with a Sept. 15 due date affected by an e-filing software outage as timely filed if the taxpayer successfully e-filed the return and any elections by Sept. 17.
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IRS issues more bonus depreciation rules
Final regulations recently issued by the IRS provide guidance on additional first-year (bonus) depreciation under Sec. 168(k).
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IRS to expand opt-in IP PIN program in 2021
Beginning in January 2021, the IRS will expand its voluntary Identity Protection PIN (IP PIN) program.
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Reminding clients about the Oct. 15 deadline
The IRS is reminding taxpayers who filed an extension that the Oct. 15 due date to file 2019 tax returns is quickly approaching.
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Lenders to not file Form 1099-C for forgiven PPP loans
To prevent confusion, the IRS recently notified lenders that they should not file Form 1099-C to report their PPP loan forgiveness.
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Ethics proposal would limit firms’ loaning of staff to clients
The AICPA is reproposing a new interpretation that addresses independence requirements related to “staff augmentation” arrangements in which a firm loans staff to a client.
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Final regulations for rehabilitation tax credit
The IRS recently issued final regulations for taxpayers who claim the rehabilitation credit.