IRS will stop sending overdue notices until it catches up on mail backlog

The Internal Revenue Service agreed to quit warnings about unpaid taxes while it works through millions of pieces of unopened mail that have accumulated during the pandemic.

IRS will stop sending overdue notices until it catches up on mail backlog


IRS previews draft version of 1040 for next year

The Internal Revenue Service has released a draft version of the Form 1040 for tax year 2020 with several significant changes probably in store for next tax season.

IRS previews draft version of 1040 for next year


Clients disappointed with tax refunds, expect more from accountants

The vast majority would still recommend their preparer, however, according to a new survey.

Clients disappointed with tax refunds, expect more from accountants


Building entrepreneurial accountants and partners during coronavirus

To get started building your team of entrepreneurs, consider some “assembly instructions.”

Building entrepreneurial accountants and partners during coronavirus


For CPA firms building a sales and use tax practice, the time is now

Most of the Top 100 CPA firms reportedly are showing significant increases in revenue in their SUT practices.

For CPA firms building a sales and use tax practice, the time is now


Biden lays out vision in convention speech, including tax changes

The Democratic presidential nominee Joe Biden expressed optimism and hope about overcoming the economic crisis and other challenges during his acceptance speech at the virtual Democratic National Convention.

Biden lays out vision in convention speech, including tax changes


People & firms on the move: KPMG names Houston office managing principal

SobelCo appoints first COO; Plante Moran adds 25 partners; and more CPA news.

People & firms on the move: KPMG names Houston office managing principal


Game plan now for potential higher taxes

It’s not too early to start thinking about post-election tax planning.

Game plan now for potential higher taxes


Work-from-home tools to master: Video messaging

When it comes to working from home, people’s thoughts automatically turn to Zoom. But there’s another game-changing tool that’s rapidly gaining traction in the telework arena.

Work-from-home tools to master: Video messaging


The basics of a tax-free spin-off transaction

Section 355 of the Internal Revenue Code provides a powerful tool in corporate restructurings.

The basics of a tax-free spin-off transaction