News
Guidance issued on 2021 qualified sick and family leave wage reporting
Information reporting on Form W-2 or a separate statement allows self-employed taxpayers to claim qualified sick leave and qualified family leave equivalent credits.
journalofaccountancy.com
New Bill Looks to Curb Abuses of This Charitable Tax Deduction for Land Preservation
Democrats’ sweeping reconciliation package is poised to include a bipartisan initiative to prevent abuses of a tax deduction that promotes conservation.
nbcwashington.com
Transcript Delivery System down for some Form 941 transcripts
The IRS reports that its Transcript Delivery System is down for business taxpayers who reported information related to COVID-19 employment tax relief on Form 941, Employer’s Quarterly Federal Tax Return.
journalofaccountancy.com
Ways and Means releases list of tax provisions for budget bill
The proposal would raise tax rates for corporations and individuals and make many other changes to the Internal Revenue Code.
journalofaccountancy.com
Tracing The Global Minimum Tax Rule’s Path For Success
Mark Strimber of RSM US LLP provides an overview of the global minimum tax rule featured in the OECD/G-20’s two-pillar project and discusses the effect it could have on various tax regimes.
forbes.com
Stimulus check details: $600 for Californians, $1,000 for teachers, $2,000 payment petition
We'll tell you the latest on stimulus money and other relief aid going to individuals and families.
cnet.com
From The Desk of Keith L. Jones, CPA
6 IRS Tax Debt Relief Myths & Negotiating With The IRS
6 IRS tax debt relief myths about the IRS, tax debts, audits & more that are confusing when it comes to getting an offer in compromise or installment plan.
keithjonescpa.com
4 Kinds Of IRS Installment Plans Offered If You Can't Pay
More than one type of IRS payment plan for tax or installment plan exists for taxpayers who can’t pay the full amount of federal taxes they owe when they file.
keithjonescpa.com