AICPA News
IRS updates business travel per-diem rates
The allowances for determining deductions for lodging, meals, and incidental costs are slightly higher than before.
journalofaccountancy.com
Tax software: What CPAs like and dislike
Tax season was difficult for several reasons. What did tax practitioners think of the software they used to prepare returns? Learn more in this podcast with transcript.
journalofaccountancy.com
COVID-19/Coronavirus Tax Relief News
SBA quadruples COVID-19 EIDL limit to $2 million
The SBA unveiled a menu of COVID-19 EIDL program modifications designed to make it easier for restaurants and other businesses particularly hard hit by the pandemic to take out EIDL loans.
journalofaccountancy.com
Children's National Near Capacity Amid RSV, COVID Surge
Children’s National Hospital in Washington, D.C., reached full capacity over the weekend as it treated more children with RSV, a respiratory virus that infects the lungs and breathing passages, a hospital official says. All 323 beds of Children’s National’s acute care hospital were filled over the weekend, Chief Medical Officer Dr. David Wessel told News4 on Monday. Of those patients,…
nbcwashington.com
News
White House, Democrats Tangle Over Biden Bid to Raise Taxes
Don’t focus on the bottom line. That’s President Joe Biden’s message for fellow Democrats about his plan to raise taxes to remake large swaths of the American economy, Biden is trying to persuade Democrats to look past specific numbers and embrace a more emotional argument that the plan is fair.
nbcwashington.com
Democrats May Rein in Big Estates Without Reforming the Estate Tax
Democrats may restrict certain trusts and other popular techniques used by the wealthy to help raise money for their $3.5 trillion budget framework.
nbcwashington.com
Sports
Washington Places QB Ryan Fitzpatrick on Injured Reserve With Hip Injury
Ryan Fitzpatrick is headed to Injured Reserve.
nbcwashington.com
From The Desk of Keith L. Jones, CPA
IRS Federal Tax Liens: How To Prevent And Remove Them Fast
IRS tax liens occur when a taxpayer fails to pay business, payroll or income taxes. The IRS has the power to file a lien against you but they can be removed.
keithjonescpa.com