TAXES Archive
Further guidance issued on tax treatment of PPP loan forgiveness
November 18, 2021
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TweetShareSharePin0 Shares In three revenue procedures (Rev. Procs. 2021-48, 2021-49, and 2021-50) the IRS provided guidance Thursday on the treatment of amounts excluded from taxpayers’ gross income in connection with forgiveness of Paycheck Protection Program (PPP) loans. The AICPA had requested guidance in a March 15, 2021, letter to the IRS. While it is excluded
TAX
November 18, 2021
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TweetShareSharePin0 Shares Tax. Tax. Tax. Posted by BKeyser_ on 2012-06-28 14:33:35 Tagged: , Tax , Obama , 2012 , ACA , obamacare TweetShareSharePin0 Shares
Returning to In Person Tax Court Proceedings
November 18, 2021
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We reported earlier that the Tax Court in August issued a press release saying it intended to return to in person proceedings, at least for some of the trials, in January, 2022. That announcement
Taxes 055
November 18, 2021
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TweetShareSharePin0 Shares Posted by gatitita on 2013-04-29 15:58:02 Tagged: , Taxes TweetShareSharePin0 Shares
New user verification for IRS online accounts to be required by mid-2022
November 17, 2021
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News PROCEDURE & ADMINISTRATION By Paul Bonner Taxpayers and tax professionals with accounts for certain IRS online tools and portals will need to reverify their identity in a new account creation and sign-in process the IRS announced Wednesday (News Release IR-2021-228). The process, using a third-party technology provider, ID.me, is available for
Major Change to Offer in Compromise Policy
November 17, 2021
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TweetShareSharePin0 Shares The only bad thing about the change in IRS policy in Offers in Compromise (OIC) is that it comes too late for me to change a forthcoming law review article on offset. The inability to update the article which is headed to press matters little. The new policy regarding offset in OICs represents
tax gck
November 17, 2021
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TweetShareSharePin0 Shares gold coast australia Posted by peterjarvis1 on 2011-09-27 01:02:33 Tagged: , tax , gck , graffiti TweetShareSharePin0 Shares
IRS commissioner: We’re hiring
November 16, 2021
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TweetShareSharePin0 Shares Projected to lose 52,000 employees in the next six years, the IRS is seeking new personnel, Commissioner Charles Rettig told CPAs Tuesday. Rettig’s keynote address to the AICPA & CIMA National Tax Conference in Washington, D.C., touched on challenges the Service still faces in basic operations after he temporarily closed down most in-person
Meal portion of per diem allowance can be treated as attributed to a restaurant
November 16, 2021
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News EXPENSES & DEDUCTIONS By Paul Bonner The 100% deduction allowable as a business expense in 2021 and 2022 for food or beverages provided by a restaurant applies to the meal portion of a per diem rate or allowance, the IRS clarified Tuesday in Notice 2021-63. Under Sec. 274(n)(1) and Regs. Sec.
Tax School
November 16, 2021
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TweetShareSharePin0 Shares No, this isn’t where H & R Block got its start, but this is an old schoolhouse, built in 1924, named Tax, located near Lacon,IL on IL Highway 17. It now houses an electrical contractor. Posted by David Sebben on 2010-10-14 03:32:22 Tagged: , tax , school , lacon , illinois , 1924
