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The New Jersey Society of CPAs held its CPA Career Awareness program and collected $25,000 for its 11th annual food drive; and Fulcrum Partners managing director Monte Harrick is helping his son’s varsity basketball season get through COVID-`19 disruptions.
The Treasury Inspector General for Tax Administration so far hasn’t uncovered any evidence that sensitive taxpayer data was accessed during cyberintrusions at multiple federal agencies, including the Treasury Department and the Internal Revenue Service, blamed on Russian government hackers. “At this time, there is no evidence that any taxpayer information was exposed,” Inspector General J. […]
Senate Majority Leader Mitch McConnell on Wednesday closed off chances that the Senate would pass anytime soon a House bill that would give most Americans $2,000 stimulus payments. The Kentucky Republican said the House legislation, approved in a bipartisan vote Monday, “has no realistic path” to quick passage in the Senate and that it falls […]
Best IT defenses; learning from mistakes; the price of training; and other highlights from our favorite tax bloggers. Big developments Tax Vox (https://www.taxpolicycenter.org/taxvox): Can’t Argue There Dept.: “It’s been, at the very least, a very bumpy road since May…” According to one analysis, about 90 percent of households are eligible for the second round of […]
The Internal Revenue Service and the Treasury Department said Tuesday evening that they are beginning to make direct deposits of the second round of economic impact payments as soon as Tuesday night for some taxpayers and will continue doing so through next week. They will start mailing out paper checks on Wednesday to taxpayers who […]
It goes without saying that the COVID-19 pandemic was the primary story of 2020, and most of the biggest stories in accounting for the year reflect its impact, in everything from the remarkably smooth move to remote work to a new range of services centered on the Paycheck Protection Program and other stimulus measures. What’s […]
Facebook Inc. has moved to wind down several Irish holding companies that had allowed it to shift billions of dollars in profit to the country, where it was lightly taxed, the Times of London reported, citing company documents. The Irish companies were used to hold its intellectual property for international sales, and Facebook companies around […]
Devil’s in the details; the court date; smackdown; and other highlights of recent tax cases. District Heights, Maryland: Tax preparer Renita Jenifer has been sentenced to two years in prison for aiding and assisting in the preparation of a false return. Jenifer, who pleaded guilty earlier this year, operated a prep business in the District […]
The Securities and Exchange Commission announced that President Trump has named Elad Roisman acting chair of the agency. Roisman has been a commissioner at the SEC since 2018; he had earlier stints as a counsel ot SEC Commissioner Dan Gallagher, as chief counsel to the Senate Committee on Banking, Housing and Urban Affairs, as chief […]
Lawmakers across the political spectrum urged President Donald Trump to sign the $900 billion coronavirus stimulus bill passed with bipartisan support last week, as millions of Americans face a loss in benefits. Trump risks being remembered for creating “chaos and misery” at the end of his term if he takes no action on two crucial […]
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