Economy
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Feb- 2021 -25 February
AICPA calls for ‘greater certainty’ for taxpayers
The American Institute of CPAs (AICPA) has called for “greater certainty” for taxpayers, tax practitioners, underpayment and late payment penalty…
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23 February
AICPA calls for guidance on S to C corporations conversions
The American Institute of CPAs (AICPA) has called on the Internal Revenue Service (IRS) to provide guidance concerning adjustments attributable…
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23 February
IRS gives Texans tax deadline extension due to winter storm
The Internal Revenue Service (IRS) has announced that victims of this month’s winter storms in Texas will have until 15…
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17 February
IRS issues first and second round of EIP
IRS has announced that all legally permitted first and second rounds of Economic Impact Payments (EIP) have been issued, and…
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8 February
IRS warns of ‘ghost’ tax return preparers
The Internal Revenue Service (IRS) has warned taxpayers to avoid “ghost” tax return preparers whose refusal to sign returns can…
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Jan- 2021 -28 January
IRS fills newly formed chief taxpayer experience officer role
The Internal Revenue Service (IRS) has announced that Ken Corbin will fill its newly created chief taxpayer experience officer role.
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19 January
IRS delays tax season to 12 February
The Internal Revenue Service (IRS) has announced that the nation’s tax season has been delayed until 12 February 2021.
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15 January
IRS struggles with tax refunds and stimulus holdups
Tax refunds look set to run into the upcoming season as the Internal Revenue Service (IRS) continues to face challenges…
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6 January
IRS misses $340bn of potential taxes
The Internal Revenue Service (IRS) has potentially let slide tax cases from 2017 involving income from individuals and businesses worth…
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