The service also estimates that more than 90 percent of individual returns were efiled this year.
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December 5, 2020
Upcoming Events December 5, 2020
IRS saw major jump in individual returns in 2020
By Jeff Stimpson      2 min read
The service also estimates that more than 90 percent of individual returns were efiled this year.
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Senate runoffs complicate year-end tax planning
By Michael Cohn     11 min read
The outcomes of two elections in Georgia that are scheduled for Jan. 5 are expected to determine the balance of power in the Senate and may also have an impact on the kind of tax planning that accountants should be advising their clients to do.
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Intuit launches assisted tax prep
By Daniel Hood     2 min read
TurboTax Live will connect taxpayers with a tax expert for advice — or to prepare their return.
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The top people in public accounting — 2020
The most influential people in the field, as chosen by their peers.
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Gifting and taxes: The sooner the better
By Roger Russell     4 min read
Clients don’t want to be on the wrong side of any potential changes to tax law.
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Mixed returns: Lots of easy ones, or fewer, more complex ones?
By Jeff Stimpson     4 min read
Practitioners weigh in on their preferred mix of tax return types.
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Art of Accounting: Reducing tax season workload compression
By Edward Mendlowitz     4 min read
Workload compression is a ubiquitous drain on our energies. It appears that staff tax season hours still increase every year.
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Tax Fraud Blotter: Sticky situations
By Jeff Stimpson     5 min read
Island girls; five-year mission; nurse malpractitioner; and other highlights of recent tax cases.
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House Democrats call for IRS funding to pursue wealthy tax evaders
By Michael Cohn     3 min read
A group of 25 Democrats in the House wrote to congressional leaders asking them to provide $12.1 billion in funding for the Internal Revenue Service, including $5.2 billion for enforcement, with an eye toward cracking down on high-income tax cheats.
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As stimulus debate rages, senators agree on tax cuts for beer
By Laura Davison     2 min read
An excise tax cut for brewers, wine makers and distillers has bipartisan support.
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