IRS WATCH

Time to renew those PTINs

By Jeff Stimpson       1 min read

The IRS is reminding tax pros that current Preparer Tax ID Numbers will expire on Dec. 31. Read story →

IRS offers help to employers who are rehiring retirees amid labor shortage

By Michael Cohn       2 min read

The Internal Revenue Service issued guidance to assist employers who are rehiring retirees or retaining employees past retirement age as a way to find qualified workers in a tight labor market. Read story →

Taxpayer Advocate Service faced delays helping taxpayers with stimulus payments

By Michael Cohn       3 min read

The Internal Revenue Service’s Taxpayer Advocate Service helped thousands of taxpayers last year with economic impact payments under the CARES Act, but it took months to start addressing them, often with the wrong cases. Read story →

College athletes face new tax obligations

By Michael Cohn       5 min read

The NCAA began allowing university athletes to earn money from their name, image and likeness this summer, and now they could find themselves owing taxes for the first time in their lives. Read story →

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Dems look for tax options if they have to ditch rate hikes

By Laura Davison, Erik Wasson and Josh Wingrove       4 min read

They're exploring alternatives after months of focusing on proposals to increase tax rates on income and capital gains. Read story →

Leverage tax breaks to enhance employee well-being

By Iralma Pozo       4 min read

Here are some tips for accounting firms to advise their clients and internal teams to invest in employee wellness. Read story →

Biden says he doesn’t see votes to raise tax rates in deal

By Jenny Leonard and Josh Wingrove       3 min read

Democratic negotiators have been working to address opposition from Senator Kyrsten Sinema, an Arizona moderate, to boosting rates.  Read story →

Sinema agrees to broad tax hike outline to fund Biden agenda

By Laura Litvan, Erik Wasson and Laura Davison       2 min read

The Arizona Democrat — who has opposed raising rates on corporations and individuals — will back ways of increasing revenue from domestic corporations, global companies, high net-worth individuals and through tax enforcement. Read story →

KPMG U.S. announces compensation and benefits enhancements

By Sean McCabe       2 min read

KPMG U.S. chair and CEO Paul Knopp outlined a wide range of upgrades to employee benefits in a LinkedIn post. Read story →

Accountants’ favorite apps: 2021 edition

By Ranica Arrowsmith      

Our readers picked a mix of accounting and finance apps that work particularly well with central accounting software; as well as other apps that keep accountants sane in their off hours.  Read story →

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