IRS Updates FAQs on Unemployment Compensation Exclusion
The Internal Revenue Service has revised its frequently asked questions (FAQs) on 2020 unemployment compensation exclusion.
The Internal Revenue Service has revised its frequently asked questions (FAQs) on 2020 unemployment compensation exclusion.
Many different factors can affect the timing of a refund after the IRS receives a return. A manual review may be necessary when a return has errors, is incomplete or is affected by identity theft or fraud.
The annual threshold for deducting medical expenses is finally set in stone. After several years of yo-yoing up and down, the Consolidated Appropriations Act (CAA) established a permanent threshold of 7.5% of adjusted gross income ...
A 35-year-old man has been indicted in North Carolina on charges he invented businesses to qualify for pandemic relief and robbed a bank, then spent the money buying cryptocurrency and paying bills.
Overall, the survey found three in four respondents (75%) that sponsor a DC plan made a change to their plan in the last two years and expect to make at least one change over the next two years. An additional 14% of sponsors that didn’t make a change ...
Return-to-office plans may lead to more resignations, separate research shows. In a survey of more than 1,000 professionals, half of respondents currently working from home (50%) would look for a new job that offers remote options if ...
The merger brings together two strong and innovative organizations. Founded in 2002, Summit has been the pioneer of remote work in the accounting industry since 2013. By offering virtual CFO services including cash flow management, business tax ...
It's important to file and pay taxes on time to avoid or decrease late filing and interest penalties. Taxpayers should contact a tax professional, like a CPA, if they have questions or concerns regarding filing their taxes.