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Lesson From The Tax Court: Only One Exclusion For Military Retiree Disability Payments

(TaxProf Blog) - The taxpayer was a veteran and received two checks per month, one from DFAS and one from VA for disability compensation. She wanted to exclude not only the VA disability check, but she also wanted to exclude part of her DFAS check.



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Tax Fraud Blotter: Lions and Tigers and Jail, Oh My! 
(Accounting Today) - Tax consultant Steven Jalloul, a Liberian national who orchestrated a scheme to secure more than $23 million in forgivable Paycheck Protection Program loans, has been sentenced to 10 years in prison.


IRS Blames Old Tech in Destruction of Information Returns 
(JofA) - The IRS responds to a report by the Treasury Inspector General for Tax Administration that pointed to the March 2021 incident as one example demonstrating a need for the Service to increase e-filing options.


Executive Pay Hit a Record High for the Sixth Year in a Row 
(Fortune) - Executive pay at the largest companies in the U.S. hit a sixth straight annual record in 2021, as the median pay packet for leaders at S&P 500 companies rose roughly 12% to $14.7 million, according to an analysis from the Wall Street Journal.


The iPod is Dead, But the Podcast Lives On 
(The Verge) - How the podcast outlived — and outgrew — its namesake


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At AccountantsWorld, we value the crucial role that YOU play in core business services - accounting and payroll - just as much as you do.

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