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...
by Rupinder | Sep 18, 2020 | Uncategorized
The National Society of Accountants (NSA) supports relief of all fees and penalties associated with late returns attributable to the CCH Axcess electronic filing (e-filing) service disruption on September 15, 2020, as well as any other relief the IRS deems appropriate...
by Rupinder | Sep 16, 2020 | Uncategorized
National Taxpayer Advocate (NTA) Erin M. Collins outlined various resources available to taxpayers and practitioners during the IRS’s Small Business Forum on September 15. The IRS hosted the forum in partnership with the U.S. Chamber of Commerce and the National...
by Rupinder | Sep 16, 2020 | Uncategorized
The prospects of another bipartisan economic stimulus and Paycheck Protection Program (PPP) expansion bill clearing Congress before the November election appear to be standing on shaky ground. While the fate of a broad COVID-19 relief package remains uncertain, there...
by Rupinder | Aug 20, 2020 | Uncategorized
2020-2021 Election Results As Verified By Simply Voting The following NSA members in good standing have been elected to the National Society of Accountants Board of Governors. NSA Officer Positions President, Curt Lee First Vice President, Marchelle Foshee Second...
by Rupinder | Jun 15, 2020 | Uncategorized
The Treasury Secretary Steven Mnuchin appeared at a hearing of the Senate Small Business Committee today, telling the Committee that he supports additional aid to large and small businesses that have been hit hardest by the coronavirus pandemic. “I definitely think we...
by Rupinder | Jun 4, 2020 | Uncategorized
A bipartisan bill passed the House of Representatives today intended to loosen the compliance requirements on Paycheck Protection Program (PPP) loans. The bill will affect hundreds of billions of dollars in small-business loans made under the PPP and is in response to...
