November 18, 2021
The IRS recently issued three revenue procedures regarding the treatment of amounts excluded from taxpayers' gross income connected to the forgiveness of Paycheck Protection Program loans.
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November 17, 2021
The IRS recently released frequently asked questions and answers regarding Coronavirus State and Local Fiscal Recovery Funds.
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November 16, 2021
The IRS recently issued Notice 2021-63 to make clear how the temporary 100 percent business deduction for food or beverages from restaurants applies to taxpayers applying the rules of Revenue Procedure 2019-48 for using per diem rates.
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November 11, 2021
The IRS recently announced the tax year 2022 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.
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November 10, 2021
The early termination of the employee retention credit and the requirement of broker reporting of cryptoasset transfers are two tax provisions of H.R. 3684, the Infrastructure Investment and Jobs Act, which passed the House of Representatives last Friday.
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November 8, 2021
The IRS recently issued Notice 2021-61 stating technical guidance regarding all cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for the tax year 2022.
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November 5, 2021
Due to a system issue, the Tennessee Department of Revenue erroneously assessed some taxpayers affected by the March 2021 storms who were granted deadline extensions under important notice #21-07.
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November 3, 2021
The IRS recently posted a set of FAQs detailing reporting directions for certain passthrough entities and taxpayers reporting of partnership interests held in connection with the performance of services.
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November 2, 2021
To help address COVID-related labor shortages, the IRS is reminding employers that they generally will not jeopardize the tax status of their pension plans if they rehire retirees or permit distributions of retirement benefits to current employees who have reached age 59 ½ or the plan’s normal retirement age.
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October 22, 2021
The IRS is reminding federal tax return preparers that all current Preparer Tax Identification Numbers will expire on Dec. 31, so tax return preparers must renew their PTINs for 2022.
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