News
IRS continues work to help taxpayers; suspends mailing of additional letters
February 11, 2022
As part of ongoing efforts to provide additional help for people during this period, the IRS announced today the suspension of more than a dozen additional letters, including the mailing of automated collection notices normally issued when a taxpayer owes additional tax, and the IRS has no record of a taxpayer filing a tax return.
IRS identifies paused taxpayer notices
February 11, 2022
The IRS announced Wednesday in a news release the letters and notices it will not send taxpayers as it works through its backlog of unprocessed prior-year returns.
IRS is 'buried' in paper backlog, creating tax season anxiety so high that even tax pros want relief
February 11, 2022
The Internal Revenue Service has a brutal backlog of unfinished tax returns from last year, which has triggered more tax-time anxiety than one could imagine for many tax filers.
Connecticut CPA Magazine Excerpt - The FASB and the GASB: Meet the New Chairs
January 06, 2022
Meet Joel Black, Chair of the Governmental Accounting Standards Board and Richard Jones, Chair of the Financial Accounting Standards Board.
Professional services tax proposals discussed in multiple states
June 21, 2021
Taxation of CPA services was a hot topic in several state legislatures this year as states sought to fix expected revenue shortfalls.