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When the IRS Charges Late-Payment Penalties

(Accounting Web) - Clients who receive an extension on filing taxes this year won't need to pay by April 18, but the IRS will assess late-payment penalties and interest charges if the return is filed after the due date. Here, tax guru Julian Block explains when the penalties kick in and how you can help your client avoid them this tax season.


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How to Block Robotexts and Spam Messages 
(PC Mag) - You don't have to put up with robotexts and junk messages. Here's how to block spammy texts.

More Schedule K-2 and K-3 FAQs posted 
(JofA) - The IRS has added eight new questions and answers to its website's frequently asked questions (FAQs) on Schedules K-2 and K-3, clarifying that affected partnerships and S corporations need complete only the forms' relevant portions and addressing an array of special circumstances.

IRS Issues New Guidance on Recovery Rebate Credit 
(Accounting Today) - The Internal Revenue Service updated its frequently asked questions page on the Recovery Rebate Credit, with additional information on receiving the credit on a 2020 tax return.

Will a Gas Tax Holiday or Suspension Lower Gas Prices Near You? 
(Kiplinger) - One way to bring down the price of gasoline is to establish a gas tax holiday. But will Uncle Sam, or your state government, suspend the gas taxes that you pay?

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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.

That's why, since 2003, we've used the unprecedented power of the cloud to put you back in full control of your accounting and payroll services so you can best serve your clients, while raising your own firm's value and relevance. And we never sell our products or services directly to your clients.

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