Tax Newsletter February 2022
Tax Newsletter: 2022 Tax Season Begins on January 24th 2022, and Announces Deadline Information In This Issue List of Provisions Expiring in 2021 – Tax Planning Issues The 2022 Form W-4 Employee’s Withholding Certificate IRS Corrects the American Opportunity Tax Credit Identification Requirement in the FAQ’s IRS Announced Delays in Processing Employer Credit Advanced Payments […]
The Tax Considerations of Cryptocurrency: An Accountant’s Primer
Tax Considerations of Cryptocurrency Digital/Virtual/Cryptocurrency are an electronic representation of monetary value, an alternative asset. The market is highly volatile, and questions remain as to whether digital is a legitimate currency. This article will help you better understand cryptocurrency, as well as its tax implications. In its infancy, such items as Bitcoin and certain other […]
Tax Newsletter: Summary of Q&A from Tax Seminars
Tax Newsletter: Q&A Summary In This Issue Issue 1: Treasury Reviewing Planned Changes to Tax Professional Ethics Rules The U.S. Treasury Department is currently reviewing proposed updates to ethics standards for tax professionals who represent clients in matters involving the Internal Revenue Service. IRS efforts include correction or removal of those sections of the Circular […]
Tax Newsletter December 2021
Tax Newsletter: December 2021, Advanced Child Tax Credit Payments In This Issue Issue 1: How A Client’s Custody Situation Affect Their Advanced Child Tax Credit Payments Issue 2: Social Security Numbers for Amish Children – IRM 21.6.1.6.1 Issue 3: NTA Blog: Decoding IRS Transcripts and the New Transcript Format Tax Planning Opportunities Issue 4: Flexible […]
Tax Newsletter November 2021
Tax Newsletter: The Fall Virtual Tax Seminars were a success! We summarized all of your Q&A from the 6 sessions below. We have 5 open sessions left for the Year-End, don’t wait to claim your spot. Virtual Tax Seminar Information is available here: Year-End Tax Seminars In This Issue: Issue 1: Starting October 28, 2021, […]
Tax Newsletter October 2021
Tax Newsletter: IRS Issues Guidance Reminder: Register for the Virtual Tax Seminars: Each session includes 7 hours of Tax Law and 1 hour of Ethics Virtual Tax Seminar Information is available here: Fall & Year-End Tax Seminars In This Issue Issue 1: New Mailing Address for Some Western States as Fresno, California, Paper Tax Return Processing […]
Tax Newsletter September 2021
Tax Newsletter: Paid Leave Credits Reminder: Register for the Virtual Tax Seminars: Each session includes 7 hours of Tax Law and 1 hour of Ethics Virtual Tax Seminar Information is available here: Fall & Year-End Tax Seminars In This Issue Paid Leave Credits Available for Providing Leave to Employees Caring for Individuals Obtaining or Recovering from […]
Tax Newsletter August 2021
Tax Newsletter: Advanced Child Tax Credit Reminder: Early Registration Discount for the Virtual Tax Seminars ends August 14th. Save $139 Virtual Tax Seminar Information is available here: Fall & Year-End Tax Seminars In This Issue Tax Pro Account, for Online Power of Attorney Authorization, Available July 18 Information on Notices Received After Paper Filing Form 990-EZ or […]
Tax Newsletter July 2021
Tax Newsletter: Advanced Child Tax Credit Payments Reminder: Early Registration Discount for the Virtual Tax Seminars ends August 14th. Save $139 Virtual Tax Seminar Information is available here: Fall & Year-End Tax Seminars Check out our webinar schedule here: Webinar Schedule Purchase the Unlimited Webinar Package for $199 In This Issue Do You Need to Trace Your […]
Tax Newsletter June 2021
Tax Newsletter: American Rescue Plan – Tax Credits Available to Provide Paid Leave to Employees Receiving the COVID-19 Vaccine Also: Treasury and IRS Provide Guidance on Tax Relief for Deductions for Food or Beverages from Restaurants Investing in the IRS and Improving Tax Compliance – American Family Plan Proposal IRS Releases Updated Practice Unit on […]