AICPA News
Proposed revisions to the AICPA tax standards
The AICPA released proposed revisions to the SSTSs for public comment on Monday. The proposal includes new standards on data protection, reliance on tools, and representation of clients before taxing authorities.
journalofaccountancy.com
IRS News
September is National Preparedness Month; IRS urges everyone to update and secure their records to prepare now for natural disasters | Internal Revenue Service
September is National Preparedness Month. With the height of hurricane season fast approaching and the ongoing threat of wildfires in many places, the Internal Revenue Service urges everyone to develop an emergency preparedness plan, or if they already have one, update it for 2022.
irs.gov
Tax News
Democratic Rep. Tim Ryan says he supports 'a tax cut for working people that will affect everybody' over Biden's student loan forgiveness plan
"There's a lot of people out there making 30, 40 grand a year that didn't go to college, and they need help as well," Ryan said Sunday.
insider.com
Bernie Sanders blasts GOP critics of Biden's student-loan forgiveness plan, says he didn't hear them 'squawking' over billionaire tax cuts
"We want to have a government that works for all working people and not just the people on top," Sanders said of Biden's student-loan debt plan.
businessinsider.com
State Stimulus Payments 2022: Residents in These States Are Getting Checks in September
Thanks to healthy budget surpluses, some taxpayers are receiving up to $1,500 in tax rebates in August.
cnet.com
These stocks could be winners even after the Inflation Reduction Act's 1% tax on buybacks
With a 1% excise tax on share buybacks set for next year, companies may start making some changes in how they return money to investors.
cnbc.com
From The Desk of Keith L. Jones, CPA
10 Excellent IRS Taxpayer Bill Of Rights You Should Know
The IRS Taxpayer Bill of Rights codifies existing rights into fundamental rights, making them clearer, more intelligible, and more accessible to taxpayers.
The Taxpayer's Bill of Rights gives every taxpayer a set of fundamental rights they should know.
Your Taxpayer Bill of Rights codifies existing rights and makes them clearer, more understandable, and available to all taxpayers.
What does the Taxpayer Bill of Rights include?
1.The Right to Be Informed 2.The Right to Quality Service 3. Right to Pay No More than the Correct Amount of Tax 4. The Right to Challenge the IRS’s Position and Be Heard 5. The Right to Appeal an IRS Decision in an Independent Forum 6.The Right to Finality 7. The Right to Privacy 8. The Right to Confidentiality 9. The Right to Retain Representation 10. The Right to a Fair and Just Tax System
keithjonescpa.com