Understanding how the IRS contacts taxpayers; Avoiding scams and how to know it’s really the IRS reaching out With continuing phone and in-person scams taking place across the country, the IRS wants to help taxpayers understand how and why agency representatives may contact taxpayers. In most instances, the… Read More
COVID Tax Tip 2022-101: New voice bot options mean faster service and less wait time for taxpayers The IRS’s new voice bot options mean less time on hold for taxpayers trying to verify their identity to set up or modify a payment plan. Voice bots run on software powered by artificial… Read More
IRS announces tax relief for victims of severe storms, straight-line winds, and tornadoes in Alabama Federally Declare Disaster Declared Relief May Provide More Time to complete Your client’s Like Kind Exchange, “LKE” On April 29, 2021 the IRS announced (AL-2021-01) the counties of Bibb,… Read More
Tax Updated Temporary Guidance for Electing Pass-Through Entities under Acts 2021-1 & 2021-423 On Feb. 12, Governor Kay Ivey signed into law the Alabama Electing Pass-Through Entity Tax Act (Act 2021-1) which, beginning with the 2021 tax year, allows Alabama S-Corporations and Subchapter K… Read More
Alabama Department of Revenue View Karen Miller's HB588 Webinar This session will cover the key changes related to the reporting of income and credits from pass-through entities which elect to be taxed at the entity level in Alabama (“Electing PTEs”) on the… Read More
Alabama Department of Revenue HB 588 Tax Penalty Waiver Update The Alabama Department of Revenue released updated guidance related to the procedures and forms which will be required to request a waiver of the estimated tax penalties and interest associated with… Read More
Tax Deloitte's MADE Commits $75 Million to Fuel Greater Racial and Ethic Diversity in Tax & Accounting On June 2nd, Deloitte announced today the establishment of Making Accounting Diverse and Equitable (MADE), a commitment to generate more advisory, auditing, and tax career opportunities and leadership… Read More
1 in 5 Private Company Execs Feel Unprepared on Lease Accounting as Effective Date Nears on Dec. 15, 2021 - Read More
Accounting Pipeline Scholarship Opportunity to Learn About Estate Planning to Better Serve Your Clients The P. Thomas Austin Personal Financial Planning Division Scholarship covers the registration fee for an emerging CPA to attend the ENGAGE 2021 event, which includes three tracks of advanced estate… Read More
Accounting Pipeline Nominate the Next Generation of CPA/PFSs for the Standing Ovation Program The Standing Ovation Program recognizes young CPA/PFS credential holders in personal financial planning (including tax, retirement, estate, risk management and investments) who exhibit exemplary… Read More