News & Helpful Information
COVID-19 FAQs
This series of frequently asked questions (FAQs) provide answers to questions the AICPA is hearing from their members about the various tax-related relief packages pertaining to the coronavirus (COVID-19).
Support Full Deductibility of PPP Loans
Congress is on the verge of passing additional COVID relief legislation. ABC needs your help advocating on behalf of hardworking Americans and valued small businesses nationwide in order to safeguard important business operations.
Taxpayer Relief Initiative Aims To Help Those Financially Affected By COVID-19
The IRS reviewed its collection activities to see how it could provide relief for taxpayers who owe taxes but are struggling financially because of the pandemic.
Reminder To All Taxpayers: Gift Cards Are Not Used To Make Tax Payments
The IRS reminds taxpayers gift cards are for gifts, not for making tax payments. Read more to find out how this scam usually happens.
Helpful Information for Taxpayers on Backup Withholding
Taxpayers who receive certain types of income may have backup withholding deducted from these payments. Backup withholding can apply to most payments reported on certain Forms 1099 and W-2G.
Income ranges for determining IRA eligibility change for 2021
The Internal Revenue Service announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2021.
Check Tax Withholdings Now As The Last Quarter Of 2020 Begins
The Internal Revenue Service today reminded taxpayers that now is the perfect time to review their tax withholding and payments to avoid a surprise when filing next year.
Scam Alert – Warning From The Division Of Consumer Affairs
The Division of Consumer Affairs is urging our licensees to be on alert for new scams targeting healthcare professionals and possibly others.
People Should Have Tax Withheld From Unemployment Now To Avoid A Tax-Time Surprise
Due to the Coronavirus pandemic, millions of Americans received or are currently receiving unemployment compensation, many of them for the first time. It’s important for these individuals to know that unemployment compensation is taxable.
IRS Reminds Truckers of Aug. 31 Highway Use Tax Return Deadline; E-File Encouraged
The Internal Revenue Service today reminded owners of most heavy highway vehicles of their responsibility to timely file Form 2290, Heavy Highway Vehicle Use Tax Return.