The service is now letting taxpayers submit Form 1040-X electronically when they want to file an amended tax return through commercial tax software.
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August 18, 2020
Upcoming Events August 18, 2020
Daily Briefing
IRS makes Form 1040-X amended tax returns available for e-filing
By Michael Cohn      2 min read
The service is now letting taxpayers submit Form 1040-X electronically when they want to file an amended tax return through commercial tax software.
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CalCPA, IMA team up on diversity research
By Daniel Hood      3 min read
The initiative is meant to help understand why the accounting profession struggles with DE&I.
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IRS offers reprieve for taxpayer checks caught in backlog of unopened mail
By Michael Cohn      3 min read
The Internal Revenue Service is giving taxpayers a break if the checks they mailed in to pay their taxes still haven’t been opened up yet and are sitting in the trailers the IRS set up during the pandemic.
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GASB readies further standards under new chairman
By Michael Cohn      6 min read
The Governmental Accounting Standards Board is working on developing new standards for state and local governments to use under its new chair, Joel Black, while responding to the novel coronavirus pandemic.
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CAQ's 'Audit in Action’ campaign highlights auditors during COVID-19 pandemic
By Sean McCabe      1 min read
The campaign looks to recognize auditors through videos, blog posts and other stories in order to "put a face to the auditors who play a significant role in keeping the capital markets functioning."
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Art of Accounting: Changes at Fairleigh Dickinson masters’ program
By Edward Mendlowitz      3 min read
Teaching provides an opportunity to give back by transferring knowledge, sharing experiences and offering a practical outlook to people who either will be starting their careers or are at mid career with a desire to advance further.
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FASB weighs change in accounting for value of share-based options
By Michael Cohn      2 min read
The board is considering a proposal aimed at reducing the cost and complexity for private companies when they need to decide on the fair value of the shares underlying a share-option award on its grant date or modification date.
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Better Every Day: Virtual — the new work platform
By Darren Root      5 min read
Success in this landscape requires a different mindset and a new approach.
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The future of DAS
By Daniel Hood
The AICPA's Dynamic Audit Solution is on track to transform the field; Sue Coffey of the American Institute of CPAs and Erik Asgeirsson of CPA.com offer an update on this ambitious project.
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PwC expects majority of U.K. staff to work remotely after coronavirus
By Alice Gledhill      2 min read
PricewaterhouseCoopers LLP expects the majority of its 22,000 U.K. staff to spend some of their time working remotely, even after the coronavirus crisis passes.
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