by Rupinder | Oct 1, 2020 | Uncategorized
Treasury and the IRS, on the evening of October 1, 2020, issued final regulations for Achieving a Better Life Experience (ABLE) Accounts. ABLE Accounts ABLE accounts, enacted in 2014 under the ABLE Act (P.L. 113-295), serve to assist individuals with disabilities and...
by Rupinder | Sep 28, 2020 | Uncategorized
The National Society of Accountants (NSA) is pleased to report that its seminar, “Other Income: Taxable or Not” was the single most highly attended out of 30 seminars at the 2020 IRS Nationwide Tax Forum. According to information provided to NSA by the IRS, a total of...
by Rupinder | Sep 24, 2020 | Uncategorized
On behalf of NSA members, John Rice, CEO, and Jessica Jeane, director of public policy and communications, attended the IRS NPL Monthly Practitioner Meeting on September 24, 2020. Ahead of the meeting, NSA brought several member concerns to the IRS’s attention. NSA...
by Rupinder | Sep 24, 2020 | Uncategorized
The IRS on September 24, 2020, sent the National Society of Accountants (NSA) a direct update containing its internal response to the CCH Axcess electronic filing outage on September 15, 2020. The IRS, in the attached Memorandum for Services and Enforcement Employees,...
by Rupinder | Sep 22, 2020 | Uncategorized
The White House and the IRS are spotlighting National Small Business Week, declared by President Trump to span September 20 through September 26, 2020. The Small Business Administration (SBA) hosts its National Small Business Week virtual conference September 22...
by Rupinder | Sep 21, 2020 | Uncategorized
Treasury and the IRS have released the second round of final regulations implementing the 100% bonus depreciation deduction. The final regulations (T.D. 9916), released on September 21, provide guidance regarding the additional first-year depreciation deduction under...
