Although SSA has increased in-office staffing with employees working five days per week to support these enhanced verification requirements, SSA is simultaneously reducing its workforce by up to 12
Blog
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Tax Bills in the Works
Various tax-related bills passed the House this week, focusing more on tax administration than tax policy.
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Path to CPA License Changing in Some States
More than a dozen states are preparing to change the licensing rules for certified public accountants, bringing back standards common prior to the 1990’s.
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The World Mourns The Death of Pope Francis
Pope Francis, 88, died Monday at 7:35 a.m., the Vatican announced. No cause of death was included in the statement.
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Tennessee and Arkansas Disaster Relief
The Internal Revenue Service announced today tax relief for individuals and businesses in the entire state of Tennessee and Arkansas affected by severe storms, straight-line winds, tornadoes
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Student Athlete Name, Image, and Likeness (NIL) Income is Taxable
Effective July 1, 2021, the NCAA adopted the Interim Name, Image, and Likeness (NIL) Policy allowing NCAA student-athletes the opportunity to benefit from their NIL without jeopardizing their NCAA
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Disaster Victims in Nine States Have Automatic Extensions to File and Pay Their 2024 Taxes
The Internal Revenue Service reminds individuals and businesses in areas covered by 2024 disaster declarations that their 2024 federal income tax returns and tax payments for tax year 2024 are due
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Passover Festival
Passover will be observed this year from April 12 to April 19, 2025.
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Widow Not Subject To Late Husband’s FBAR Penalties
At one time, Richard Leeds owned a few overseas accounts but did not report them. In 2020, before he died, IRS assessed FBAR penalties against him for seven years of willful nonreporting.
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