IRS urged to pursue preparers with overdue returns, debts and penalties

The Internal Revenue Service should make more of a priority of going after tax preparers who haven’t filed their own tax returns or paid their tax liabilities and penalties, according to a new report.

IRS urged to pursue preparers with overdue returns, debts and penalties


CFOs worried about second wave of coronavirus

Finance execs are concerned about a new wave of infections leading to a further economic downturn, according to a survey Monday from PricewaterhouseCoopers.

CFOs worried about second wave of coronavirus


The impact of coronavirus on firm valuations

The pandemic may not be changing the M&A landscape in the ways you expect, says Transition Advisors’ Joel Sinkin as he dives into what’s different, and how.

The impact of coronavirus on firm valuations


Art of Accounting: Staff shadowing

If staff do not learn, they won’t grow and neither will the firm.

Art of Accounting: Staff shadowing


For less than $400K you can now get Uruguay tax residency

Uruguay will soon be even more welcoming to wealthy foreigners looking for a new home following a presidential decree that makes it cheaper to obtain tax residency in the South American country.

For less than 0K you can now get Uruguay tax residency


Mega-rich urged to unleash $121B for desperate charities

Nonprofits, lawmakers and others want to see more giving from fund donor-advised funds, which have grown popular recently because they’re so flexible.

Mega-rich urged to unleash 1B for desperate charities


Innovation in audit: It’s not just about technology

Real change will involve people, processes and much more beyond just software and hardware.

Innovation in audit: It’s not just about technology


IRS extends dates on balance due notices amid coronavirus

The Internal Revenue Service is extending the due dates on its balance due notices because it wasn’t able to mail out the preprinted letters to taxpayers due to office closures during the ongoing COVID-19 pandemic.

IRS extends dates on balance due notices amid coronavirus


IRS warns of coronavirus-related tax schemes

The Internal Revenue Service is warning taxpayers and tax professionals once again to beware of tax fraud and other related financial scams related to the COVID-19 pandemic.

IRS warns of coronavirus-related tax schemes


IRS offers tax relief to opportunity zone funds and investors

The Internal Revenue Service is giving investors in opportunity zone funds relief from some of the requirements in the controversial program because of the COVID-19 pandemic.

IRS offers tax relief to opportunity zone funds and investors