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IRS Watch

March 24, 2021

Lawmakers complain of delays in stimulus payments for Social Security recipients

By Michael Cohn 4 min read

A group of House Democrats is sounding the alarm about delays in Economic Impact Payments going out to beneficiaries of safety net programs.

IRS to automatically process refunds on jobless-benefit payments

By Laura Davison 3 min read

The IRS will automatically process refunds for individuals who paid taxes on their unemployment benefits before Congress passed a law making those payments tax-free, Commissioner Chuck Rettig said.

Accounting groups push for longer delay to tax deadline

By Michael Cohn 4 min read

The National Conference of CPA Practitioners is asking the IRS to postpone the tax deadline from May 17 until June 15 and to make it apply to quarterly estimated payments.

Biden's major tax changes will likely wait until October

By Julio Gonzalez 4 min read

A look at the administration's tax agenda, and why they'll have to hold off on it until budget reconciliation is available again.

Order and chaos: The trickiest parts of taxes this season

By Jeff Stimpson 3 min read

Tax practitioners share the new issues that they’re keeping an eye on.

Scoping out Biden’s legislative and tax agenda

By Roger Russell 4 min read

Experts read the tea leaves in the American Rescue Plan and other early hints of the administration’s revenue proposals.

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Advances in Technology

Learn about top technology innovations advancing the accounting community.

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Pandemic tax season just got worse. Here’s what to expect now

By Lynnley Browning 4 min read

Yet another IRS change to tax rules amid the COVID pandemic is complicating tax-planning opportunities for financial advisors this filing season.

Art of Accounting: Which tax returns should you review first?

By Edward Mendlowitz 3 min read

Which has more priority — reviewing a return that would take two hours to complete, or reviewing 12 returns that would take 10 minutes each?

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