The Internal Revenue Service plans to open filing season on Feb. 12, although it is making its Free File program available starting Friday.
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IRS Watch
January 20, 2021
Upcoming Events January 20, 2021
IRS to delay tax season until Feb. 12
By Michael Cohn      5 min read
The Internal Revenue Service plans to open filing season on Feb. 12, although it is making its Free File program available starting Friday.
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Refund delays, stimulus check errors foreshadow rough tax season
By Laura Davison and Allyson Versprille     3 min read
Tax-refund delays and stimulus-payment hiccups could spill into the upcoming tax season as the Internal Revenue Service continues to face challenges related to the coronavirus pandemic and as Congress considers yet another round of direct payments.
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Here are the major parts of $1.9T Biden relief plan
By Laura Davison     4 min read
President-elect Joe Biden’s $1.9 trillion COVID-19 relief plan is designed to both pump money into the economy and contain the coronavirus pandemic.
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New twists on an old tool: Tax pros revamp organizers
By Jeff Stimpson     3 min read
Digital formats and a host of pandemic-related questions are transforming this traditional tool.
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Wyden lays out Senate tax priorities
By Michael Cohn     5 min read
Sen. Ron Wyden, D-Oregon, who is chairing the Senate Finance Committee now that Democrats have won control of the Senate, described some of his policy priorities, including the tax area where his committee has oversight.
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The new Form 1099-NEC
By Daniel Hood
Companies and their advisors will want to make sure they're up on what's reported on the form, how it's changing the 1099-MISC, and the state-reporting wrinkles that go along with it, says Janice Krueger of Greatland.
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Business relief & financing: A new advisory category for CPAs
How has the pandemic created a new opportunity for business relief and financing?
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Tax Fraud Blotter: The maleficent seven
By Jeff Stimpson     6 min read
Smells fishy; getting the boot; quit the day job; and other highlights of recent tax cases.
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AICPA CEO Melancon sees PPP opportunities ahead for accountants
By Michael Cohn     7 min read
CPA firms will be in a great position to help their small business clients with the latest round of the Paycheck Protection Program, according to Barry Melancon.
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Business relief & financing: A new advisory category for CPAs
The coronavirus pandemic has made business relief and financing a new, key advisory service for CPA firms. To do it right, though, firms need expanded capabilities and tools.
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