Accounting
Who Benefits From The CARES Act Tax Cuts?
Over the next decade, the individual “ recovery rebate ” program will account for about half of the Coronavirus Aid, Relief and Economic Security (CARES)…
Read MoreTIGTA wants taxpayers to report coronavirus relief scams
In addition to resources and information on various pandemic-related frauds, taxpayers can email the services tips directly. Original Article Posted at : https://www.accountingtoday.com/news/tigta-wants-taxpayers-to-report-coronavirus-relief-scams
Read MoreAmericans agonize over $1,200 relief payments that won’t be enough
The Internal Revenue Service processed more than 80 million stimulus payments on April 10 in a centerpiece of a $2.2 trillion effort to shore up the battered U.S. economy. Original Article Posted at : https://www.accountingtoday.com/articles/americans-agonize-over-1-200-relief-payments-that-wont-be-enough
Read MorePeople & firms on the move: Grassi adds high-net-worth specialist partner
Whitley Penn launches strategic consulting services practice; Illinois CPA Society announces 2019 Excel Award winners; and more CPA news. Original Article Posted at : https://www.accountingtoday.com/list/people-firms-on-the-move-grassi-adds-high-net-worth-specialist-partner
Read MoreOrganizations lose 5 percent of revenue to fraud every year
The typical case of fraud costs $8,300 per month, and the median duration of each fraud case was 14 months. Original Article Posted at : https://www.accountingtoday.com/news/organizations-lose-5-of-revenue-to-fraud-every-year
Read MoreApril 17th Morning State Tax Update
On March 19 we launched a tracker providing a repository of information related to state fiscal policy responses to COVID-19. We are updating the tracker frequently and will be using the Tax Foundation blog to summarize new developments and provide analysis of relevant trends as they emerge. This blog post is part of that series. Past Updates: March 24, March 25, March 26,…
Read MoreSSI recipients to receive automatic stimulus payments for coronavirus
People who receive Supplemental Security Income will automatically get economic impact payments from the federal government in response to the novel coronavirus pandemic. Original Article Posted at : https://www.accountingtoday.com/news/ssi-recipients-to-receive-automatic-stimulus-payments-for-coronavirus
Read MoreStates Should Be Allowed to Levy Sales Taxes on Internet Access
The Internet Tax Freedom Act (ITFA), enacted in 1998, was intended to protect the developing internet technology. ITFA, which prohibited states and localities from applying taxes on internet access or imposing discriminatory digital-only taxes, became permanent in 2016 but included a grandfather clause that allowed states with taxes existing before 1998 to keep that tax…
Read MoreCoronavirus payments hit glitches
In some cases, problems with the IRS payments may be due to tax preparers. Original Article Posted at : https://www.accountingtoday.com/articles/coronavirus-payments-hit-glitches-as-irs-sends-billions-to-americans
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