The Consolidated Appropriations Act includes a surprising number of tax provisions, many of which had not been widely publicized until the final bill was up for a vote.
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Tax Pro Today
February 2, 2021
Upcoming Events February 2, 2021
Tax Strategy: CAA tax provisions affecting 2020 returns
By Mark A. Luscombe      5 min read
The Consolidated Appropriations Act includes a surprising number of tax provisions, many of which had not been widely publicized until the final bill was up for a vote.
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A year of disruption in sales tax
By Daniel Hood
The changes wrought by the pandemic in ecommerce and much more will play out in the sales tax arena across 2021, according to Avalara's Liz Armbruester.
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Tax pros want another deadline extension: NATP
By Jeff Stimpson     1 min read
Almost two-thirds of practitioners said that pushing filing to July 15 last year was good for them.
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Art of Accounting: 142 free checklists for tax season and more
By Edward Mendlowitz     2 min read
There are many more checklists for accountants in the industry.
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EU calls $15.7B Apple tax ruling ‘contradictory’
By Aoife White and Stephanie Bodoni     3 min read
The European Union is seeking to overturn Apple Inc.’s victory in a 13 billion-euro ($15.7 billion) tax dispute, saying judges used “contradictory reasoning” when they found that the company’s Irish units weren’t liable for huge payments.
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Promised $1,400 checks are dividing Biden White House
By Nancy Cook     6 min read
There’s debate within the administration about how to meet President Biden's promise to issue Americans another $1,400 each in stimulus checks.
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SPONSOR CONTENT
Your clients and the pandemic: The road ahead
Learn to give advice on making it through the coronavirus & getting ready for the “next normal” that will follow.
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Season of uncertainty: Aiming for April 15
By Roger Russell     7 min read
From the delayed stat to a rush of new legislation and an overloaded IRS, a host of issues are combining to make tax filing even more difficult than usual.
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A dozen tax tips for the 2021 filing season
By Roger Russell
Our panel of experts have identified these 12 credits, deductions and more as worth particular attention this year.
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IRS updates guidance on sick leave, family leave credits
By Michael Cohn     3 min read
The Internal Revenue Service is clarifying its guidance on provisions of the coronavirus relief legislation providing tax credits to employers offering paid sick leave and family leave to workers.
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Congress proposes tax credits for struggling homes and businesses
By Michael Cohn     4 min read
Senators and House members introduced legislation to help taxpayers survive the pandemic, with tax credits for developers revitalizing homes in “distressed” neighborhoods and enabling small businesses to pay essential expenses.
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