CalCPA develops “tax journey” collection of resources and virtual events; RKL names three practice line leaders; and more CPA news.
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October 26, 2020
Upcoming Events October 26, 2020
Daily Briefing
People & firms on the move: Marks Paneth adds real estate partner
By Danielle Lee
CalCPA develops “tax journey” collection of resources and virtual events; RKL names three practice line leaders; and more CPA news.
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IRS to resume sending balance-due notices despite pandemic
By Michael Cohn      3 min read
The Internal Revenue Service said Friday it would restart issuing its 500 series of balance-due notices to taxpayers later this month after they were paused on May 9 due to the COVID-19 pandemic.
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Tech News: Corvee offers tax planning webinar for possible election outcomes, and more
By Ranica Arrowsmith
Replicon's intelligent time tracking app is available for SAP, Mavenlink adds staffing module, and Compass Lending Platform rebrands as Javelin.
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Lawmakers question IRS readiness for next tax season amid backlogs from coronavirus
By Michael Cohn      2 min read
The leaders of Congress’s main tax-writing committee are wondering if the Internal Revenue Service will be ready to handle next tax season as it’s still processing millions of pieces of correspondence that went unopened for months during the COVID-19 pandemic.
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Surviving the election with clients’ tax and estate plans intact
By Lynn Ballou      5 min read
Add in the complexities of this year’s presidential race, and we have a recipe for uncertainty and fear.
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Leaning in to community to grow and prosper
By Darren Root      4 min read
Accounting firm leaders need to raise their heads from their everyday work to learn from each other.
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IRS backtracks on revoking charities’ tax-exempt status
By Michael Cohn      2 min read
The Internal Revenue Service is reversing course on the automatic revocation notices that it sent to more than 30,000 tax-exempt organizations.
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AICPA names 2020 Gold Medal Award of Distinction recipients
By Sean McCabe      2 min read
The American Institute of CPAs has awarded Richard Caturano and Paul Stahlin the organization's highest honor.
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Introducing Access Denied: Systemic racism in financial services
By Maddy Perkins, Tobias Salinger
This five-part series is a comprehensive effort to explain the racial discrimination Black Americans face in our financial system.
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Grant Thornton wins appeal in fraud and negligence lawsuit
By Michael Cohn      2 min read
Grant Thornton has prevailed in an appeal by a former tax client who had sued after the firm failed to advise him of a tax strategy that potentially could have saved him over a million dollars and then allegedly tried to cover up the error.
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