Taxes
Latest News
IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
![GrantThornton_logo](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2021/03/GrantThornton_logo.60537c288ff81-768x281.png)
Accounting Firm Helps Youth Who Age Out of Foster Care
Foster Nation helps former foster youth overcome the challenges associated with ‘aging out’ of the foster-care system. The goal is to help these young adults become self-sufficient and have the same opportunities for success as other youth.
![taxes reform_1_.5540d268d98f6](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2021/03/taxes_reform_1_.5540d268d98f6.60537b9ea8768.png)
Many Taxpayers Won’t Benefit From Delayed Tax Season
Failure to include estimated payments nullifies any benefit of a postponement since the tax return work has to be done to calculate estimated payments. More than 9.5 million individual returns filed in for the 2018 tax year included estimated payments.
![May 17 Tax Deadline 2021](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2021/03/May_17_Tax_Deadline_2021.605278be6f95c.png)
IRS Makes it Official: Tax Deadline Delayed to May 17, 2021
The Treasury Department and Internal Revenue Service have officially announced that the federal income tax filing due date for individuals will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance ...
![Tax Deadline Postponed](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2021/03/Tax_Deadline_Postponed.605262dbe1f0e.png)
IRS Delays 2021 Income Tax Filing Deadline to May 17
April 15 is not the tax filing deadline for 2021. The Internal Revenue Service and the U.S. Department of the Treasury have announced the 2021 income tax filing and payment deadline is now May 17, 2021.
![technology pixabay ltdatehu -1095751_960_720](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2021/03/technology_pixabay_ltdatehu__1095751_960_720.60524ab066be2.png)
Advisory Services Best Practices: Turning Tax Return Problems Into Business Lifecycle Engagements
We got into this profession to help our clients achieve their goals and grow their businesses, and even if most of your work involves individual returns, there are still personal goals to meet. It’s time to put your advisory services hat on ...
![tax_refund_2_.58ad2540b4575](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2021/03/tax_refund_2_.58ad2540b4575.6052459f2d9f1.png)
Important Information for Parents Regarding the American Rescue Plan Act
The recent aid package included new stimulus payment amounts including an increased amount for each dependent. Additionally, there is relief for families facing unemployment by allowing an exclusion for unemployment income claimed on your tax return.
![Coronavirus Checks Payments Stimulus](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2021/03/Coronavirus_Checks_Payments_Stimulus.60523a0268a93.png)
IRS Has Already Sent Out 90 Million Stimulus Payments
Additional batches and payments will be sent in the coming weeks by direct deposit and through the mail as a check or debit card. The vast majority of all Economic Impact Payments will be issued by direct deposit. No action is needed by ...
![retirement_accounts](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2021/03/retirement_accounts.605112f1dc871.png)
The Latest IRS Rules for Retirement RMDs in 2021
The Internal Revenue Service is reminding taxpayers about the rules for required minimum distributions (RMDs) from retirement accounts.