AccountantsWorld Daily News | IRS Sees Delays in Tax Refunds and Quarterly Payments (Accounting Today) - The Internal Revenue Service is holding up millions of tax refunds for manual processing and its systems were unable to process many of the quarterly payments that needed to be sent by April 15. The IRS is holding approximately 29 million tax refunds that need to be processed manually |
| Advertisement | Payroll Relief case study | Find out how Matt Contardi and his team have more than tripled the number of payrolls they have processed in the last four years. READ HIS CASE STUDY
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| | Oscar Celebs Get Free Gifts Worth $205K, Pay 50% Tax (Forbes) - Some celebs turn down gifts, since they have to report the value of what they receive as income, and the taxes can be considerable. How can gifts be taxed as income? The answer is when they are not really gifts. And the pricey items add up.
| Beavers Take Down the Internet in Canada (PC Mag) - A team of furry engineers chewed through a 4.5-inch protective conduit before reaching the crucial cable. There are many reasons your internet connection stops working, but "beavers" probably isn't one you'd expect to hear from an ISP.
| Lesson From The Tax Court: Abatement Of Assessment Brings No Relief From Liability (TaxProf Blog) - Assessment of tax serves two critical functions. First, it reflects the IRSâs judgment of what taxes a taxpayers owes the government. It's the end of the tax determination process. Second, itâs a critical procedural pre-requisite for the administrative collection of a taxpayer's tax liability.
| Today is National Pretzel Day (USA Today) - The day to honor the knotted treat began in 1983 by then-U.S. Rep. Robert Walker of Lancaster, Pennsylvania. Twenty years later in 2003, then-Pennsylvania Gov. Ed Rendell made it official when he declared April 26 as National Pretzel Day.
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| | | If you can spare just a bit of time during the tax season, wouldn't it be great to use it to plant the seeds for making your entire 2021 a little better? LEARN MORE
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