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December 15, 2021

Prepared for Voornaam

Don’t hold your breath on expiring tax breaks

By Roger Russell       4 min read

A host of provisions will expire at the end of the year, and there's no telling whether they'll be renewed, says Wolters Kluwer's Mark Luscombe. View story →

Clients confused over tax lawmaking

By Jeff Stimpson      

Tax pros share what aspects of the current tax legislation being considered in Congress brings the most questions from clients. View story →

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Intuit projects up to 17M new small businesses in 2022 →

The one thing that all of them have in common is that they need an accountant.

IRS spotlights charitable tax benefit expiring Dec. 31

By Danielle Lee       2 min read

The pandemic-related tax provision permits more people to deduct donations to qualifying charities on their 2021 federal income tax return. View story →

Drucker & Scacetti announces all-female C-Suite

By Sean McCabe       2 min read

The Philadelphia firm announced that its leadership will consist of all women and non-founding shareholders for the first time in its 31-year history. View story →

Filing relief available to Kentucky weather victims

By Jeff Stimpson       2 min read

The IRS has extended filing and payment deadlines for them until May 16. View story →

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SLAT is tax ‘acronym du jour’ for the married and wealthy: What you need to know

By Lynnley Browning       5 min read

Spousal lifetime access trusts are surging in popularity, but they aren’t as simple as some advisors or clients may think.  View story →

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’Tis the season of giving, but are tax-exempt orgs prepared?

By Bettina Lipphardt       4 min read

Five tips can help charities carry out effective fundraising programs. View story →

AICPA opens applications for nearly $1M in scholarships

By Sean McCabe       2 min read

The institute is seeking applicants for a wide range of student scholarships, aimed at supporting future professionals and strengthening the CPA pipeline. View story →

In the blogs: The year that will be

By Jeff Stimpson       3 min read

New forms’ questions; taxpayers behaving badly; why people leave; and other highlights from our favorite tax bloggers. View story →

Treasury plans first analysis of tax benefits by race

By Laura Davison and Ben Steverman       2 min read

The study will start by looking at coronavirus-related stimulus payments. View story →

Biden aims to slash ‘time tax’ for Social Security, storm aid

By Justin Sink and Jennifer Jacobs       3 min read

Among his mandates: having the IRS call taxpayers back, rather than making them sit on hold. Read story →

UBS’s record tax fraud penalty slashed to $2B

By Gaspard Sebag and Phil Serafino       3 min read

A French court of appeals upheld a 2019 finding that the bank had illegally helped clients hide money, but levied less than half the original penalty. Read story →

New liability risks for the new year

By Roger Russell       6 min read

Accountants’ responses to the pandemic have, in many ways, opened them up to new liability risks in 2022. Read story →

Zero taxes, golf and beach houses create a crypto island paradise

By Francesa Maglione       8 min read

Puerto Rico is becoming a haven for crytocurrency investors looking to protect their gains. Read story →

Intuit projects up to 17M new small businesses in 2022

By Daniel Hood       2 min read

The one thing that all of them have in common is that they need an accountant. Read story →

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