The pandemic, coupled with new tax laws, pandemic relief efforts, late or missing guidance, changing deadlines and more has further complicated an already complex tax system. These changes have left taxpayers and tax practitioners struggling to ...
Every year, private foundations in the U.S. are required to file a highly specialized and complex tax form: the 990-PF. For foundations that operate on a calendar year, this return is due on May 17, 2021.
The Internal Revenue Service is reminding tax-exempt organizations that operate on a calendar-year (CY) basis that certain annual information and tax returns they file with the IRS are due on May 17, 2021.
While every tax season can get a bit hectic, this one will prove extra challenging for tax professionals and their clients. It’s critical to make sure that you set your clients up for success to ensure that they’ll be able to navigate this complicated ...
This relief is retroactive to May 7, 2021, and will remain in effect through May 21, 2021. This penalty relief is available to any person that sells or uses dyed diesel fuel for highway use. In the case of the operator of the vehicle in which the dyed...
The first webinar, “Tax Planning Season Kickoff,” is scheduled on Friday, May 21 at noon EDT. This webinar will feature Andrew Argue, CPA, CEO of Corvee, as he walks through how to price, package and market tax planning to clients.
For several years, the American Institute of CPAs (AICPA) has led advocacy efforts in support of tax preparer regulation. The recent release of the American Families Plan (AFP) includes a proposal to provide the Department of the Treasury with ...
From Biden’s ambitious legislative agenda to the bills sponsored by his Democratic colleagues, here are the most important tax proposals CPAs and their clients should be aware of.