IRS to Delay Start of Tax Filing Season
The Internal Revenue Service announced today that it will delay the start of tax filing season until Feb. 12.
Tax and Accounting
IRS Recommends Streamlining, Modernizing Improvements to Congress
The Internal Revenue Service has submitted a report to Congress—as required by the 2019 Taxpayer First Act—outlining a strategic plan...
IRS Changes Course Again on EIPs; Will Reissue Misdirected Payments
The Internal Revenue Service today announced that—in a reversal of previous guidance—it will reissue payments for taxpayers who did not...
IRS Issues Additional Information for EIP Recipients
As the Internal Revenue Service continues to address the error that caused millions of economic impact payments to be incorrectly...
IRS Changes Course on EIP Processing Error Resolution
The IRS today issued additional instructions in an attempt to remedy the processing error that led to millions of economic...
IRS Issues Updated Guidance on Deductibility of PPP Qualified Expenses
The Internal Revenue Service has issued guidance implementing changes included in the latest COVID-19 relief package—which was signed into law...
Opening the Post-COVID Bank Books
Banks moved heaven and earth to help clients through COVID-19. While examiners are stepping cautiously in exams, bankers must prepare...
BOLI: A Stable Asset in Unstable Times
A surge of liquidity and prolonged period of low interest rates are creating new questions for balance sheet management.
AICPA Survey: Business Leaders Support Additional Fiscal Stimulus
A new survey from the American Institute of CPAs today found that 54% of business leaders believe that their businesses...
SEC Finalizes Rule on Fair Value Determinations
The SEC last week voted to adopt a new rule under the Investment Company Act of 1940 addressing the valuation...
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