IRS News
Determining when overpayment interest begins for spouses changing their filing status
A key criterion is the overpayment date of a processable return.
journalofaccountancy.com
The key tax provisions of the Senate infrastructure bill
An AICPA vice president shares some key areas of focus for accountants in the infrastructure bill recently passed by the Senate.
journalofaccountancy.com
News
Enhanced Tax Credits Become ‘Bargaining Points' in Divorce Cases
The enhanced tax credits for 2021 are becoming bargaining points in divorce cases. Here’s what ex-spouses and soon-to-be ex-spouses need to know.
nbcwashington.com
IRS Tax Lessons From Michael Jackson
It is awfully difficult to see legal fees relating to child molestation charges as business (or even investment) expenses.
forbes.com
Child Tax Credit Lifted 3 Million Kids From Poverty in July
The first monthly payment of the child tax credit cut child poverty by about 25%, according to a Columbia University analysis.
nbcwashington.com
Staffing and COVID-19 relief programs are firms’ top concerns in 2021
Hiring qualified staff emerged as the No. 1 concern of firms employing six or more people in the 2021 AICPA Private Companies Practice Section CPA Firm Top Issues survey.
journalofaccountancy.com
How CPAs helped save businesses during COVID-19
Many small businesses were forced to reinvent themselves to survive the COVID-19 pandemic. Learn how CPAs who offer client advisory services helped business-owner clients explore new options for creating revenue.
journalofaccountancy.com
Stolen $600M Crypto Is Returned, Can IRS Tax It?
It’s no secret that the IRS is after crypto in a big way, with warnings, a series of John Doe Summonses served exchanges, even a crypto question on every tax return. But if every transfer triggers taxes, what about when the crypto was stolen and then returned?
forbes.com
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