IRS Announces Tax Relief for Texas Severe Winter Storm Victims
Texas victims of winter storms that began February 11, 2021, now have until June 15, 2021, to file various individual …
Thomson Reuters Tax & Accounting
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IRS Revises Effective Date Language in Application for Tax-Exempt Status
On its website, the IRS has said that it is making two changes to the 2020 Instructions to Form 1023, …
IRS, Partners Issue Urgent Electronic Filing Identification Number Scam Alert
In a News Release, the IRS, together with its Security Summit partners, have urgently warned tax professionals of a new …
IRS Updates “Eligible Employer” FAQs for Sick and Family Leave Credits
On its website, the IRS has updated its answers to frequently asked questions (FAQs) to reflect the changes made to …
IRS Releases final 2020 Form 1120-S and Draft Instructions
The IRS has issued the final Form 1120-S, U.S. Income Tax Return for an S Corporation, for use in tax …
IRS Releases Form, Instructions, for Calculating Sick Leave and Family Leave Credits
The IRS has released Form 7202, Credits for Sick Leave and Family Leave for Certain Self-Employed Individuals, and that form’s …
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FASB Plans to Stick with Status Quo on Quarterly Disclosure Rules
By Denise Lugo Companies will not see much change in quarterly disclosure rule requirements from what they provide currently but …
SEC Asks Court to Toss Out Institutional Shareholder Services Lawsuit
By Bill Flook The SEC on October 30, 2020, asked a U.S. District Court judge to toss out a lawsuit …
COVID Relief Bill Contains Numerous Tax, Payroll and Pension Provisions
On Monday, December 21, Congress released official text language for the massive, 5,593 page, Consolidated Appropriations Act, 2021 (CAA, 2021). …