The Internal Revenue Service released information on how employees now have until the end of the year to repay any payroll taxes they deferred from last year.
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January 21, 2021
Upcoming Events January 21, 2021
IRS issues guidance on repayment of deferred payroll taxes
By Michael Cohn      2 min read
The Internal Revenue Service released information on how employees now have until the end of the year to repay any payroll taxes they deferred from last year.
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Trump investigators have tax records even before court ruling
By Greg Farrell and Greg Stohr     3 min read
Investigators probing Donald Trump’s finances have gotten hold of some of his tax records, allowing them to move ahead even without a Supreme Court order that would give them eight years of his returns.
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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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In the blogs: Asked and answered
By Jeff Stimpson     2 min read
Ignoring conflict; SALT substitute; your own organizers, cheap; and other highlights from our favorite tax bloggers.
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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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Deutsche Bank, ICAP sued as Warburg seeks to recoup tax bill
By Karin Matussek     3 min read
Deutsche Bank, TP ICAP and two German lawyers are the targets of M.M. Warburg & Co.’s latest legal attempt to recoup the big tax bill it was ordered to pay over controversial Cum-Ex trades.
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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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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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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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Picking the top tax breaks from the latest stimulus package
By Michael Cohn     4 min read
Last month's COVID-19 relief bill has accountants recommending some deductions to clients, and wondering about the applicability of others.
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