Infrastructure Bill Would End ERC, Increase Cryptoasset ReportingAugust 11, 2021Educational ArticlesThis article is adapted from an article in The Journal of Accountancy. The infrastructure bill approved by the Senate on…Read More
Businesses, Charities, Others With Employer Identification Numbers Must Update Responsible Party Information Within 60 Days of Any ChangeAugust 10, 2021Educational ArticlesCalling it a key security issue, the Internal Revenue Service recently urged those entities with Employer Identification Numbers (EINs) to…Read More
Bank Information Can Now Be Updated on IRS Child Tax Credit PortalJuly 27, 2021Educational ArticlesEarlier this month, the IRS added a new feature to its Child Tax Credit Update Portal. This feature allows individuals…Read More
IRS Audits May Be Increasing, So Be PreparedJuly 7, 2021Educational ArticlesThe IRS just released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as…Read More