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.
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).
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.
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.
IR-2021-189, September 16, 2021 — The IRS today reminds taxpayers about the upcoming October 15 due date to file 2020 tax returns.
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.
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 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.
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.
The proposal would raise tax rates for corporations and individuals and make many other changes to the Internal Revenue Code.
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.
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.
The allowances for determining deductions for lodging, meals, and incidental costs are slightly higher than before.
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.
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.
Those that took smaller Economic Injury Disaster Loans will be able to apply for increases.
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.
Repeated shocks from hurricanes, fires and floods are pushing some rural communities, already struggling economically, to the brink of financial collapse.
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.
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.
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.
Staying in contact and giving regular business updates can help promising investors feel more secure about investing in you.
Scaling your business is no easy feat. It takes confidence, a community and clarity in communication.
If you treat people well, cater to their needs and listen to simply understand, you can build the foundation for a successful customer relationship.
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.
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.
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.
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.
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.
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.
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!