Right out of the gate, this year has provided some intriguing storylines that undoubtedly will have ripple effects when tax pros sit down with their clients next winter.
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Tax Pro Today
February 23, 2021
Upcoming Events February 23, 2021
As tax pros wade into 2020 season, 2021 presents early complications
By Shaun Hunley      3 min read
Right out of the gate, this year has provided some intriguing storylines that undoubtedly will have ripple effects when tax pros sit down with their clients next winter.
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A star trader turns star witness in $12B tax scandal
By Donal Griffin, Gaspard Sebag, Karin Matussek and Ellen Milligan     8 min read
His story reveals the far-reaching net that continues to entangle individuals and firms who were engaged in so-called Cum-Ex transactions, almost a decade after the dividend-tax practice ended.
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Trump taxes, long guarded, will soon be in prosecutor’s hands
By Greg Farrell and Greg Stohr     5 min read
Donald Trump, who managed to keep his tax returns a secret the entire time he was in the White House, is about to see them fall into the hands of a New York prosecutor looking into possible criminal charges against him.
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Lawmakers tell IRS to stop sending incorrect tax delinquency notices
By Michael Cohn     3 min read
Two leaders of Congress’s main tax committee are questioning why the Internal Revenue Service keeps sending notices to taxpayers about missing returns when it’s still catching up on unprocessed mail.
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Trump rejected as Supreme Court lets prosecutor get tax records
By Greg Stohr     2 min read
The U.S. Supreme Court put a New York grand jury on the brink of getting eight years of Donald Trump’s tax returns and other financial records, ending months of delay by rejecting his bid to keep the information private.
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Art of Accounting: Overloaded with tax work, underloaded with staff
By Edward Mendlowitz     4 min read
A firm found itself shorthanded during tax season when two of its most experienced tax return reviewers left. What should they do?
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Your small business clients are a key pillar of the U.S. economy, providing growth and innovation to the communities in which they serve.
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Biden’s economic legacy at stake as next package takes shape
By Christopher Condon and Erik Wasson     5 min read
Progressives are eyeing tax measures including an increase in the capital-gains levy.
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Tax season off to a slow start, lawmakers complain to IRS
By Michael Cohn     3 min read
Leaders of the tax-writing House Ways and Means Committee are sounding the alarm over the slow start to tax season, reflected in the initial week of data from the IRS.
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Lawmakers look to offer tax relief to beauty salons
By Michael Cohn     2 min read
Two members of Congress teamed up Friday to introduce a bipartisan bill that would offer tax credits for income from tips to beauty salon owners and workers.
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Cryptocurrency investors turn to opportunity zones for tax relief and social good
By Blake Christian and Joseph B. Darby III     6 min read
You can provide a bit (coin) of good news for clients with outsize short-term gains from alternative assets.
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RESOURCES
WEB SEMINAR
Case Study in Growth: More Profitable Sales Tax Services
The COVID pandemic, along with many changes due to the rise of economic nexus, has increased the burden and complexity of managing sales tax compliance for many clients.
Learn More
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Lease accounting for private companies: A guide to the first 90 days →
WEB SEMINAR
The 2020 EY and LeaseAccelerator global lease accounting survey results →
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