| The pandemic reshaped the profession throughout the year — and will continue to do so in 2021. | IRS and Treasury start depositing stimulus payments → | | By Michael Cohn 4 min read | | The Internal Revenue Service and the Treasury Department said Tuesday evening that they are beginning to make direct deposits of the second round of economic impact payments as soon as Tuesday night for some taxpayers and will continue doing so through next week. | |
| The future of tax CPE → | | By Roger Russell 5 min read | | The pandemic has shifted even more continuing education online. | |
| McConnell rebuffs Trump, Democrats by blocking $2K aid checks → | | By Erik Wasson and Laura Davison 4 min read | | Senate Majority Leader Mitch McConnell on Tuesday blocked an attempt by Democrats to force quick action increasing direct stimulus payments to $2,000 as President Donald Trump warned that failing to act now amounted to a “death wish” by Republicans. | |
| Accountants rush to wrap up end-of-year issues → | | By Michael Cohn 3 min read | | With only a few days to go before the end of a difficult year, some accountants and tax professionals are still hoping to finish up some perplexing issues for their clients before New Year’s Day. | |
| IRS CI counts down its top cases of the year → | | By Michael Cohn 1 min read | | The Criminal Investigation Division is in a nostalgic mood, releasing a retrospective this week of its top five cases of the year through its Twitter handle, @IRS_CI. | |
| Choice of entity from an asset protection point of view → | | By Roccy DeFrancesco 4 min read | | Most accountants who help clients with the choice of entity focus on the tax aspects. But in order to help clients make fully informed decisions, “personal” asset protection should be considered. | |
| WEB SEMINAR | | Auditor best practices for busy season | | Many firms struggle to comply with what is at the core of every audit, like identifying and responding to risks of material misstatement. That is why proactively learning good audit best practices can only be beneficial to your firm. Learn More → | |
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