The Internal Revenue Service should make more of a priority of going after tax preparers who haven’t filed their own tax returns or paid their tax liabilities and penalties, according to a new report.
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June 20, 2020
Upcoming Events June 20, 2020
IRS urged to pursue preparers with overdue returns, debts and penalties
By Michael Cohn      3 min read
The Internal Revenue Service should make more of a priority of going after tax preparers who haven’t filed their own tax returns or paid their tax liabilities and penalties, according to a new report.
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SBA and Treasury streamline PPP loan forgiveness applications
By Michael Cohn     3 min read
The Small Business Administration and the Treasury Department unveiled a simpler loan forgiveness application for the Paycheck Protection Program to reflect changes under the PPP Forgiveness Act.
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Main Street Lending Program gets underway as alternative to PPP
By Michael Cohn     4 min read
The lender portal for the Federal Reserve’s Main Street Lending Program has opened as the long-awaited alternative to the problem-plagued Paycheck Protection Program after weeks of delays.
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IRS employees are returning to offices amid coronavirus
By Michael Cohn     10 min read
Top division officials at the agency share updates on their compliance and service priorities.
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IRS warns nursing homes: Don’t grab patients’ coronavirus stimulus payments
By Michael Cohn     4 min read
The Internal Revenue Service told nursing homes and other care facilities Tuesday that they shouldn’t be seizing their residents’ economic impact payments.
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CARES Act offers overlooked opportunities for tax refunds, but first check cross-border prices
By Alex Martin     4 min read
Some multinational companies can generate additional carryback tax loss relief through transfer pricing planning.
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Lease accounting
A panel of experts shares best practices and warnings when implementing the complex new standards on lease accounting.
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BDO merges in PBTK
By Michael Cohn     2 min read
BDO USA, a Chicago-based Top 10 Firm, has added Piercy Bowler Taylor & Kern, CPAs, a firm based in Las Vegas, expanding BDO’s presence in Nevada and Utah.
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12 strategies for thriving after the coronavirus
By Daniel Hood
Gary Boomer, Allan Koltin and Gary Shamis share their top tips to help navigate the pandemic — and the uncertain period beyond it.
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Dates, times released for IRS Tax Forums
By Jeff Stimpson     1 min read
The popular events will be entirely online this year.
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Wirecard’s future in doubt after revealing missing $2.1B
By Sarah Syed, Jan-Patrick Barnert and Eyk Henning     3 min read
Wirecard suffered one of the worst stock slumps in the history of Germany’s benchmark index after revealing that about 1.9 billion euros ($2.1 billion) in cash has gone missing, spooking investors who have endured years of allegations of wrongdoing at the payments company.
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RESOURCES
WEB SEMINAR
Local compliance in a shared service centre environment: issues and challenges
Each jurisdiction has a different complexity profile which presents specific challenges and opportunities for businesses.
Learn More
WHITEPAPER
ASC 842, IFRS 16, and GASB 87: The dramatic impact of the new lease accounting standards →
REPORT
An analysis of liquidated damages provisions and business restructuring considerations →
More Resources
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