IRS News
IRS issues another 430,000 refunds for adjustments related to unemployment compensation | Internal Revenue Service
The Internal Revenue Service recently sent approximately 430,000 refunds totaling more than $510 million to taxpayers who paid taxes on unemployment compensation excluded from income for tax year 2020.
irs.gov
NTA Blog: The IRS and Private Collection Agencies: Four Contracts Lapsed and Three New Ones Are in Place: What Does That Mean for Taxpayers? - Taxpayer Advocate Service
The IRS and Private Collection Agencies: Four Contracts Lapsed and Three New Ones Are in Place: What Does That Mean for Taxpayers?
irs.gov
News
Accounting Today launches 'Year Ahead' survey
The annual report is looking for input on accountants' plans for 2022.
accountingtoday.com
AICPA asks Congress to clarify rules on 15% minimum corporate tax
The American Institute of CPAs sent a letter to Congress’s tax-writing committees asking lawmakers to reconsider the rules around the corporate minimum tax rate that’s currently part of the reconciliation bill now under consideration.
accountingtoday.com
Safe harbor for ERC gross-receipts test
The IRS issued a safe harbor that allows an employer to exclude certain amounts received from other coronavirus economic relief programs in determining whether it qualifies for the employee retention credit based on a decline in gross receipts
journalofaccountancy.com
Who's Afraid Of Bank Reporting To IRS?
The big mystery to me is how this will find unreported income. I find it hard to believe that people who are not reporting income are depositing it in the bank. Isn't that what cash is for?
forbes.com
Equipping the workforce: Triumph Gulf Coast Board approves $11.5M grant for FSU PC's ASCENT project - Florida State University News
Today, the Board of Triumph Gulf Coast, Inc., approved an $11.5 million grant to provide partial funding to Florida State University Panama City’s Advancing Science and Career Education in New Technologies (ASCENT) project during a meeting in Crestview. “We are excited to partner with Triumph Gulf Coast to develop our regional workforce,” said Randy Hanna, […]
fsu.edu
From The Desk of Keith L. Jones, CPA
The Offer in Compromise also known as OIC
An IRS Offer allows you to settle your past tax debt for less than the full amount you owe and maybe the right IRS tax resolution for your needs.
keithjonescpa.com