IRS: Drought-stricken farmers and ranchers have more time to replace livestock

IR-2021-193, September 24, 2021 — Farmers and ranchers who were forced to sell livestock due to drought may have an additional year to replace the livestock and defer tax on any gains from the forced sales, according to the Internal Revenue Service.

IRS launches new webpage to assist taxpayers with refunds subject to Joint Committee on Taxation review

IR-2021-192, September 22, 2021 — The IRS today introduced a new webpage that provides information to taxpayers whose large refunds are subject to further review by the Joint Committee on Taxation (JCT or Joint Committee).

IRS: New contracts awarded to private collection agencies; taxpayers may be contacted by one of three groups

IR-2021-191, September 22, 2021 — The Internal Revenue Service has awarded new contracts to three private-sector collection agencies for collection of overdue tax debts.

Expanded tax benefits help individuals and businesses give to charity during 2021; deductions up to $600 available for cash donations by non-itemizers 

IR-2021-190, September 17, 2021 — The Internal Revenue Service today explained how expanded tax benefits can help both individuals and businesses give to charity before the end of this year.

Oct. 15 deadline approaches for taxpayers who requested extensions to file 2020 tax returns

IR-2021-189, September 16, 2021 — The IRS today reminds taxpayers about the upcoming October 15 due date to file 2020 tax returns. 

IRS: Families now receiving September Child Tax Credit payments

IR-2021-188, September 15, 2021 — The Internal Revenue Service and the Treasury Department announced today that millions of American families are now receiving their advance Child Tax Credit (CTC) payment for the month of September.

IRS extends dyed diesel fuel penalty relief in Louisiana due to Hurricanes Ida and Nicholas

IR-2021-187, September 15, 2021 — The Internal Revenue Service, in response to the continued shortages of undyed diesel fuel caused by Hurricanes Ida and Nicholas, will extend the penalty relief provided in IR-2021-176 when dyed diesel fuel is sold or used on the highway.


Final regs. issued on qualified improvement property under FDII, GILTI

Final regulations clarify the treatment of qualified improvement property in FDII and GILTI, and foreign tax credit transition rules address post-2017 NOL carrybacks to pre-2018 tax years.

Transcript Delivery System down for some Form 941 transcripts

The IRS reports that its Transcript Delivery System is down for business taxpayers who reported information related to COVID-19 employment tax relief on Form 941, Employer’s Quarterly Federal Tax Return.

Ways and Means releases list of tax provisions for budget bill

The proposal would raise tax rates for corporations and individuals and make many other changes to the Internal Revenue Code.

Tax software: What CPAs like and dislike

Tax season was difficult for several reasons. What did tax practitioners think of the software they used to prepare returns? Learn more in this podcast with transcript.

Guidance issued on 2021 qualified sick and family leave wage reporting

Information reporting on Form W-2 or a separate statement allows self-employed taxpayers to claim qualified sick leave and qualified family leave equivalent credits.

IRS updates business travel per-diem rates

The allowances for determining deductions for lodging, meals, and incidental costs are slightly higher than before.

2021 tax software survey: Shares of respondents and product and company information

Bonus: The percentages for all 13 products, including a breakdown of their usage among firms ranked by ranges of numbers of preparers, in the 2021 tax software survey.


Could This Covid Wave Reverse the Recovery? Here’s What to Watch.

Some businesses are still hurting, and federal aid has wound down. But economists see sources of resilience and signs of strength.

100 Isn’t a Magic Number, So Why Is It Part of the Vaccine Mandate?

The threshold of 100 employees adds to a patchwork of small-business rules. It shows up in no other major small-business laws. The reasoning behind the number is a mystery.

Small businesses can get $2 million disaster loans, with more time to pay them back.

Those that took smaller Economic Injury Disaster Loans will be able to apply for increases.

Man Gets 4 Years in $126 Million Printer Toner Fraud

Gilbert N. Michaels, of West Los Angeles, Calif., preyed on tens of thousands of small businesses and charities by overcharging them for toner they didn’t need, federal prosecutors said.

Climate Change Is Bankrupting America’s Small Towns

Repeated shocks from hurricanes, fires and floods are pushing some rural communities, already struggling economically, to the brink of financial collapse.

Is Brooklyn Leading New York City Out of the Pandemic?

The emptying of Manhattan’s office districts has benefited Brooklyn neighborhoods where residents worked from home, testing the balance of power between the city’s boroughs.

In Venice, Jewelers Try to Revive Their Businesses

The lack of tourists during the pandemic may have made the city more livable, but empty streets don’t buy jewelry.


Here Are The Job Interview Questions You Should Expect

The best way to prepare for a job interview is to anticipate—and prepare for—the questions you are most likely to be asked.

Coding Boot Camp For The Formerly Incarcerated From Coding Dojo And PFS

About 45% of formerly incarcerated individuals remain unemployed one year after their release and 68% are rearrested within three years. With that in mind, Coding Dojo and The Prison Scholar Fund are introducing a new coding boot camp program for formerly incarcerated individuals.

What Consumers Think About Online Security And How Brands Can Respond

Striking the perfect balance between mitigating risk and offering a positive customer experience, organizations need to deliver just the right amount of friction via a risk-based approach.

11 Things You Should Do After A Promising Investor Meeting

Staying in contact and giving regular business updates can help promising investors feel more secure about investing in you.

Five Ways To Scale Your Business For The Modern Entrepreneur

Scaling your business is no easy feat. It takes confidence, a community and clarity in communication.

How To Fall In Love With Your Customers Again

If you treat people well, cater to their needs and listen to simply understand, you can build the foundation for a successful customer relationship.

Where Blockchain Technology Can Disrupt The Oil And Gas Industry

The oil and gas industry is directly affected by the world’s population growth.


A Crypto-Trading Hamster Performs Better Than Warren Buffett And The S&P 500

A hamster named Mr. Goxx enters one of two tunnels in the his cage, which determines whether he will buy or sell. As of Friday, his portfolio is up nearly 20%, according to his Twitter account.

The Elizabeth Holmes Trial Sparks A Silicon Valley Debate: Why Not Other Tech CEOs?

As the former CEO of the blood-testing company Theranos faces fraud charges, some are asking why other tech leaders accused of wrongdoing have avoided criminal charges.

In France's Perfume Capital Of The World, There's A World Of Beautiful Fragrance

Its jasmine and roses are prized by perfumers and those eager to learn the trade. But the French Riviera town of Grasse didn't always smell sweet. Centuries ago, it was known for leather tanneries.

A Free In-School Grocery Store Is Tackling Child Hunger, One Family At A Time

The free store in an Atlanta middle school offers not only food, but also household items, toiletries, clothing and shoes. Social entrepreneur Jasmine Crowe hopes to open more.

PG&E Is Charged With Manslaughter In A California Wildfire That Killed 4

If the utility were convicted of manslaughter, it would be fined for each person killed in the Zogg Fire last year near the city of Redding. The fire also destroyed hundreds of homes.

Limits On Toilet Paper And Cleaning Supplies Are Back At Costco

Costco Chief Financial Officer Richard Galanti said an anticipated uptick in demand as the delta variant surges and supply chain challenges led to the purchase limits on key household items.

Indicators Of The Week: Evergrande, Stuck Ships, Town Managers

From ghost apartments empty in China, to a backlog of ships in Los Angeles, to towns struggling to find city managers... yes, it's time for Indicators of the Week!