District Court Provides Relief From Trust Fund Penalty - Despite recent legislation allowing employers to temporarily defer payment of payroll taxes, you’re still ultimately responsible for meeting these obligations. https://www.accountingweb.com/tax/individuals/district-court-provides-relief-from-trust-fund-penalty
ACCOUNTINGWEB.COM
Is There Relief From Trust Fund Penalties?
There's a wealth of opportunity with #IRS interest rates at an all-time low and the federal estate and gift tax exemption at an historic high. Now is the time for #estate tax planning. https://www.kiplinger.com/retirement/601406/nows-the-time-for-estate-tax-planning
KIPLINGER.COM
Now’s the Time for Estate Tax Planning | Kiplinger
Man Finds 9-Carat Diamond. IRS Finds—And Taxes—Man. Read about this intriguing story here: https://www.forbes.com/sites/robertwood/2020/09/26/man-finds-9-carat-diamond-irs-finds-man/#4c29b3521248
FORBES.COM
Man Finds 9-Carat Diamond. IRS Finds—And Taxes—Man
Unfortunately, all too often taxpayers do not follow this advice and then must pay the price with an unnecessarily high tax bill.
Here are some of the most common situations that can save you money by seeking advice before you act. https://map-cpas.com/dont-run-the-risk-of-a-high-tax-bill/
MAP-CPAS.COM
Don't Run the Risk of a High Tax Bill! | Mangold Anker Phillips - CPA Accounting Firm Austin TX
To prevent confusion, the #IRS notified lenders on Tuesday that they should not file cancellation-of-debt information returns or furnish payee statements to report the amount of qualifying forgiveness with respect to covered loans made under the #PPP. http://ow.ly/HWem50BAB8M
JOURNALOFACCOUNTANCY.COM
Lenders will not file Form 1099-C for forgiven PPP loans
Why Tweaks to the Fed's Small-Biz Lending Program Won't Fix It. The #Federal Reserve offered changes to its Main Street #Lending Program, but borrowers are still likely to balk. https://www.inc.com/diana-ransom/main-street-lending-program-eidl-federal-reserve.html
INC.COM
Tweaks to the Fed's Small Biz Lending Program Won't Stem the Bleeding
In Switcheroo, #IRS To Deliver Full #Stimulus Payments To Those With Federal Tax Debts. Read more here: https://www.forbes.com/sites/ashleaebeling/2021/03/16/in-switcheroo-irs-to-deliver-full-stimulus-payments-to-those-with-federal-tax-debts/?ss=taxes&sh=441f7c9629ed
FORBES.COM
In Switcheroo, IRS To Deliver Full Stimulus Payments To Those With Federal Tax Debts
Post-COVID State #Tax Policy Changes. Read more here: https://www.accountingweb.com/tax/sales-tax/post-covid-state-tax-policy-changes
ACCOUNTINGWEB.COM
Post-COVID State Tax Policy Changes
Individual #tax filing due date: May 17, 2021 (was April 15, 2021)
#Unemployment income: $10,200 per person not subject to federal tax (was taxable). Read more here: https://map-cpas.com/alert-2020-tax-date-delay-and-unemployment-income-now-tax-free/
MAP-CPAS.COM
ALERT! 2020 Tax Date Delay AND Unemployment Income Now Tax Free | Mangold Anker Phillips - CPA Accounting Firm Austin TX
Lesson From The #Tax #Court: The Presumption Of Regularity For NODs. Read more here: https://taxprof.typepad.com/taxprof_blog/2021/03/lesson-from-the-tax-court-the-presumption-of-regularity-for-nods.html
TAXPROF.TYPEPAD.COM
TaxProf Blog: Lesson From The Tax Court: The Presumption Of Regularity For NODs
You’ve Moved. Be Sure You Can Prove It To The Tax Authorities. Read more here: https://www.forbes.com/sites/bobcarlson/2021/03/21/youve-moved-be-sure-you-can-prove-it-to-the-tax-authorities/?ss=taxes&sh=4a707c412aa9
FORBES.COM
You’ve Moved. Be Sure You Can Prove It To The Tax Authorities
Business Tax Effects of New Covid Stimulus Law, American Rescue Plan Act. Read more here: https://www.cpapracticeadvisor.com/tax-compliance/news/21214137/business-tax-effects-of-new-covid-stimulus-law
CPAPRACTICEADVISOR.COM
Business Tax Effects of New Covid Stimulus Law
