AICPA Seeks Permanent Guidance on e-Signatures

Bob Williams - June 11, 2020

While the pandemic has led the IRS to temporarily allow its employees to accept e-signatures on documents related to examination and collection of tax liabilities, AICPA believes the IRS should expand e-signature relief and make it permanent.…

IRS Has Answers for Taxpayers Getting EIP Cards

Ryan Norton - June 10, 2020

If any of your clients are one of the 4 million filers set to receive their Economic Impact Payment as a Visa prepaid debit card, they may be interested in one of the latest Internal Revenue Service press releases.…

Estimated Tax Deadlines Pushed Back to July 15

Bob Williams - June 09, 2020

Individual taxpayers and corporations have some extra breathing room for paying their 2020 estimated taxes. The IRS reminds individuals and corporations alike that the estimated tax payments normally due on April 15 and June 15 have been pushed back to July 15, without penalty.…

PPP Loans for Small Businesses Boosted by AICPA

Bob Williams - June 08, 2020

The American Institute of CPAs (AICPA) is encouraging small businesses to apply for Paycheck Protection Program (PPP) loans ahead of the June 30th deadline.…

Retirement Plan Participants Can Now Sign Elections Remotely

Bob Williams - June 04, 2020

The Internal Revenue Service is temporarily allowing taxpayers who participate in certain retirement plans—or their beneficiaries—to make participant elections electronically.…

What Did Tax Pros Say About Virtual Tax Forums?

Ryan Norton - June 03, 2020

The Internal Revenue Service recently announced more than two dozen upcoming webinars that will replace the in-person IRS Nationwide Tax Forum events.…

TIGTA Finds Lapse in High-Income Nonfiler Audits

Bob Williams - June 02, 2020

This audit looked specifically at whether the IRS is effectively addressing high-income nonfilers and if the agency’s new nonfiler strategy includes wealthy nonfilers.…