IRS Releases Electronic Specifications for Information Returns for 2022 Tax Year
IRS Publication 1220 (Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G) has been revised for …
Thomson Reuters Tax & Accounting
Posts by this author
State Taxation of Forgiven Student Loans
by Thomson Reuters State & Local Tax Editorial On August 24, 2022, President Biden announced that the U.S. Department of …
DOL Investigations Find A Broad Spectrum of Violations
Recent investigations by the Department of Labor’s (DOL) Wage and Hour Division (WHD) have disclosed a variety of violations that …
Federal Employment Tax Deadlines for October
We have listed the October payroll tax deposit deadlines for semi-weekly and monthly depositors below. Semi-weekly depositors. Semi-weekly depositors must …
IRS Provides Tax Relief for Hurricane Fiona Victims in Puerto Rico
The IRS has extended, to February 15, 2023, the time to file federal tax returns and make certain payments for …
Estimated 2023 Tax Brackets Available
Thomson Reuters Checkpoint has calculated the 2023 tax brackets, as well as other inflation-adjusted tax numbers based on the recently …
More answers
New SEC Staff Accounting Bulletin Covers ‘Spring-Loaded Awards’
The SEC staff has issued interpretive guidance to help companies properly calculate and disclose compensation cost for “spring-loaded awards” given …
Private Companies Don’t Want to be Struck Out of Crypto Accounting Rules Being Developed
Private Company Council (PCC) Chair Candace Wright on Sept. 22, 2022, said new accounting rules the FASB is developing for …
Independent Joint Ventures Getting Specific Disclosure Rules, FASB Says
The FASB on October 13, 2021, continued to hammer out a proposal for joint venture formations, voting on disclosures stand-alone …