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March 25, 2021

Task masters: The jobs tax pros want to delegate

By Jeff Stimpson

Practitioners share which parts of their jobs they’d ditch, and which they’d keep.

Treasury has sent $325B in household stimulus payments

By Laura Davison 1 min read

The Treasury Department and Internal Revenue Service have so far sent about 127 million stimulus payments worth around $325 billion, according to the federal government.

Sanders proposes bigger tax hikes than White House is planning

By Laura Davison 2 min read

Senate Budget Committee Chairman Bernie Sanders is proposing tax increases that are even bigger than the ones President Joe Biden is considering.

Wall Street trading tax gets conservative group’s unlikely tout

By Daniel Avis 3 min read

A conservative think tank is throwing its support behind proposals long associated with progressives like Elizabeth Warren and Bernie Sanders: taxing stock trades and breaking up Wall Street investment banks.

Watchdog warns of tax-refund delays amid IRS backlog struggles

By Laura Davison 2 min read

U.S. taxpayers face the risk of delayed refunds from the IRS in coming months as the agency struggles to work down a backlog of returns from last year, according to a watchdog report.

Tax Strategy: Inside the American Rescue Plan

By Mark A. Luscombe

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Using Bitcoin to buy a Tesla? Get ready to hear from the IRS

By Olivia Raimonde and Vildana Hajric 1 min read

If you got rich buying Bitcoin a year ago, Elon Musk is inviting you to purchase one of his cars with some of the proceeds. The taxman will be watching if you do.

Florida moves closer to Wayfair nexus standard

By Mark Friedlich 5 min read

The Sunshine State seems to be on the verge of requiring more online merchants to collect sales and use taxes from customers.

Yellen pledges to work with Congress to ease SALT cap

By Laura Davison 2 min read

The Treasury Secretary said the limitation on state and local tax write-offs causes 'disparate treatment' across taxpayers.

Biden’s likely tax wins are personal-rate hikes, audits of rich

By Laura Davison 6 min read

Democrats will likely prove successful in raising individual income tax rates and in strengthening audits of wealthy Americans as they work on overhauling the U.S. Tax Code in coming months.

RESOURCES

WEB SEMINAR

3 tips to a better peer review

The AICPA is holding Peer Reviewers more accountable, likely leading to more findings then many firms are accustomed to.

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WEB SEMINAR

ASC 842 – it’s time to get ready →

REPORT

Global lease accounting survey: Opportunities to optimize in 2021 →

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