The Internal Revenue Service plans to begin issuing Economic Impact Payments to Social Security recipients and other federal beneficiaries this weekend after weeks of delay.
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March 31, 2021
Upcoming Events March 31, 2021
Daily Briefing
IRS to distribute stimulus payments to Social Security recipients this week
By Michael Cohn      3 min read
The Internal Revenue Service plans to begin issuing Economic Impact Payments to Social Security recipients and other federal beneficiaries this weekend after weeks of delay.
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IRS extends more tax deadlines until May 17
By Michael Cohn      5 min read
The Internal Revenue Service responded Tuesday to calls for extending more tax deadlines by giving taxpayers until May 17 to make IRA and HSA contributions and file some refund claims.
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Practice Profile: Recruiting beyond region
By Danielle Lee      5 min read
MarksNelson flips the last year’s hiring challenges into a competitive advantage
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Court denies IRS ‘stacking penalties’ on FBARs
By Roger Russell      4 min read
Taxpayers can get hit for each form they fail to file, not for each account, according to a new ruling.
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Small-business owners brace for possible tax hikes under Biden
By Lynnley Browning      4 min read
Advisors are urging clients to make tax-planning moves this year to preserve the preferential capital gains rate and turbocharge business deductions.
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FASB offers goodwill alternative for private cos., nonprofits
By Michael Cohn      2 min read
The board released an ASU that helps the organizations decrease the complexity of performing a goodwill triggering event evaluation.
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Top 5 tax strategies for real estate owners
By David Fabian
With the passage of so much tax legislation over the past several years, there is tremendous opportunity for savings and planning.
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In the blogs: Human nature
By Jeff Stimpson      2 min read
When to file on 8821; RMDs and the extension; cloud concerns; and other highlights from our favorite tax bloggers.
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Small businesses increase employment and wages in March
By Michael Cohn      3 min read
Small businesses are recording a significant jump in job growth this month, while weekly and hourly earnings grew as well, according to payroll giant Paychex.
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Biden plans effort to reverse decades of disparity
By Christopher Condon and Payne Lubbers      4 min read
More than a half century after Lyndon Johnson’s war on poverty, the new administration plans a mass expansion of government spending and a revamp of the Tax Code.
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