August 5, 2020
Dirty Dozen Part 2: Thieves Are Constantly Coming Up With Ways To Scam TaxpayersThis is the second of two tips exploring the IRS Dirty Dozen tax scam list. Tax scams tend to rise during tax season or during times of crisis. Scam artists are using the COVID-19 pandemic to... read more
July 31, 2020
New Law Provides Relief For Eligible Taxpayers Who Need Funds From IRAs and Other Retirement PlansWASHINGTON − The Internal Revenue Service provided a reminder today that the Coronavirus Aid, Relief, and Economic Security (CARES) Act can help eligible taxpayers in need by providing favorable... read more
July 28, 2020
IRS Provides Guidance on Recapturing Excess Employment Tax CreditsThe Internal Revenue Service issued a temporary regulation and a proposed regulation to reconcile advance payments of refundable employment tax credits and recapture the benefit of these... read more
July 22, 2020
Prometric Rescheduling Fees to Resume August 1 for CPA Exam CandidatesOn July 22, Prometric released an email stating: In response to the large-scale closure of the Prometric test center network and the massive number of candidate rescheduling transactions caused by... read more
July 16, 2020
IRS Offers Settlement For Syndicated Conservation Easements; Letters Being Mailed To Certain Taxpayers With Pending LitigationWASHINGTON — The Internal Revenue Service Office of Chief Counsel announced today a time-limited settlement offer to certain taxpayers with pending docketed Tax Court cases involving... read more
July 16, 2020
IRS Provides Additional Relief For Tax-Exempt Hospitals: Deadline For Completing Certain Needs Assessment Requirements Moved To Dec. 31Because of the burdens the COVID-19 pandemic has placed on hospitals, the Internal Revenue Service today provided additional relief to hospital organizations that must meet the Community Health... read more
July 14, 2020
Should My Firm File Protective Claims in Advance of the Supreme Court Decision on ACA?This Q&A from AICPA and the GSCPA can help your firm’s decision-making. In March of this year, the U.S. Supreme Court announced that it will hear a case that challenges the constitutionality... read more
July 13, 2020
SBA Provided $20 Billion to Small Businesses and Non-Profits Through the Economic Injury Disaster Loan Advance ProgramToday, the U.S. Small Business Administration announced the conclusion and success of the Economic Injury Disaster Loan (EIDL) Advance program, which provided U.S. small businesses, non-profits... read more
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