Injunction lifted; FinCEN extends most BOI deadlines to Jan. 13
2024年12月23日 · The Fifth Circuit Court of Appeals on Monday granted a Justice Department motion to lift an injunction imposed by a district court ruling. Hours later, FinCEN announced, …
Court halts BOI reporting; AICPA urges preparedness
2024年12月5日 · Finding the Corporate Transparency Act “likely unconstitutional,” a federal district court prohibited its enforcement and the enforcement of its accompanying regulations.
IRS again delays effective date of $600 threshold for Form 1099-K …
2024年11月26日 · The delay, the third by the IRS for Form 1099-K reporting for third-party settlement organizations, will treat 2024 and 2025 as transition years.
Taxpayer advocate: Unprocessed ERC claims could total 1 million …
2024年11月12日 · The IRS could have about 1 million employee retention credit (ERC) claims remaining to process by the end of the year, the national taxpayer advocate said Tuesday at …
Journal of Accountancy - Accounting, tax, auditing news
The Journal of Accountancy is the ultimate resource for today’s CPA, providing daily professional and regulatory updates, breaking news and videos.
IRS processing 400K ERC claims with about $10 billion in eligibility
2024年10月11日 · The IRS is processing 400,000 claims from the pandemic-era employee retention credit (ERC) that represent about $10 billion of eligible filings, the agency said …
Extension to BOI reporting deadline removed from budget bill
2024年12月18日 · The bill passed Friday night to avert a federal government shutdown didn't include a one-year extension to the deadline for companies to file beneficial ownership …
IRS amends rules for computing the premium tax credit
2024年12月17日 · The IRS released final regulations that amend the definition of “coverage month” and amend other rules in existing income tax regulations for computing the premium …
What AI can do for auditors - Journal of Accountancy
2024年2月1日 · Artificial intelligence (AI) is a technology that auditors are exploring, but they may not yet be reaping all the benefits it can offer In an audit, AI can be used in a variety of ways, …
IRS proposes new rules for tax professionals - Journal of …
2024年12月24日 · The proposed regulations would update the Circular 230 rules governing practice before the IRS.