IRS WATCH

IRS proposes new rules for e-filing information returns

By Michael Cohn       3 min read

The Internal Revenue Service proposed regulations lowering the threshold so more employers will need to electronically file information returns such as W-2 and 1099 forms instead of filing them on paper. Read story →

IRS warns of child tax credit scams

By Michael Cohn       5 min read

The Internal Revenue Service’s Criminal Investigation division is cautioning taxpayers and tax professionals to beware of scams related to the expanded Child Tax Credit in which fraudsters are trying to steal money and personal information. Read story →

IRS overlooked FEMA numbers to verify casualty and theft loss deductions

By Michael Cohn       4 min read

The service didn’t flag hundreds of millions of dollars of unsupported deductions. Read story →

Tax Fraud Blotter: Rocky roads

By Jeff Stimpson       6 min read

For rent; lien on me; really creative; and other highlights of recent tax cases. Read story →

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Why Lease Accounting Software Fails

9 Key Functional Deficiencies Driving Companies to Replace ASC 842 Software Read More →

IRS plans improved security for information returns

By Michael Cohn       2 min read

The service is beefing up the security requirements for tax pros using its system for electronically filing information returns. Read story →

Xero conducts 'Emotional Tax Return' competition in Australia

By Ranica Arrowsmith       3 min read

The contest aims to reward Aussie small businesses for the emotional costs incurred during this difficult tax season.  Read story →

IRS offers extra guidance on COBRA coverage aid under American Rescue Plan

By Michael Cohn       2 min read

The Internal Revenue Service is providing guidance on a provision of the American Rescue Plan Act that provides temporary assistance with COBRA premiums to people who have lost their jobs. Read story →

IRS funding is a missed chance for bipartisanship

By David F. Eisner and David J. Kautter       4 min read

Former Treasury officials say both parties should agree to increase money for the agency. Read story →

Accounting Today names 2021 Best Firms to Work For

By Daniel Hood       2 min read

The annual list recognizes the 100 top workplaces in the profession. Read story →

Rethink employee learning, or accounting will face the Great Resignation

By Michael Ramos       8 min read

In the new reality, a firm must accelerate the development of its staff. Read story →

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WEB SEMINAR

ASC 842 and GASB 87 leasing compliance: 6 steps to prepare

Thursday, July 29, 2021 2:00 PM EDT

Compliance with the lease accounting standards applies to every organization subject to the rules of the Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB), regardless of size.  Learn More →

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Pandemic performance: Discover 10 industries seeking stability

Rapid industry changes can lead to increased need for advisory services. These 10 industries stand out in the crowd. Learn More →

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Countdown to Lease Accounting Compliance: Top five lessons learned from FASB and GASB implementations

Thursday, September 9, 2021 2:00 PM EDT

As organizations get ready to make their overall leasing process more efficient and cost-effective, learning from other organizations that are using lease accounting automation to achieve and maintain compliance is crucial to their own success. Learn More →

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