by Rupinder | Jan 5, 2016 | Uncategorized
NSA Scholarship Foundation Accepting Applications for 2016 Scholarships Until March 31, 2016 The National Society of Accountants is now accepting applications for 2016 scholarships. The NSA Scholarship Foundation was established in 1969 to further the careers of...
by Rupinder | Dec 29, 2015 | Uncategorized
Earned Income Tax Credit 2014 Claims: EITC Letters 5621 and 5621-A The IRS is sending letters to some taxpayers who may not be entitled to some or all of the Earned Income Tax Credit claimed on their 2014 tax return. If your client(s) receive a letter, they...
by Rupinder | Dec 29, 2015 | Uncategorized
IRS Notice 2016-04, Extends the Due Dates for the 2015 Information Reporting Requirements Notice 2016-04 extends the due dates for the 2015 information reporting requirements, both furnishing to individuals and filing with the Internal Revenue Service (Service), for...
by Rupinder | Dec 28, 2015 | Uncategorized
SSARS 21 is Coming! SSARS 21 is Coming! SSARS No. 21 is Coming! (Part IV) By: Joseph L. Santoro MBA/CPA/CVA/MAFF/ABA This is the fourth and last in a series of articles intended to provide information about the AICPA’s Statement on Standards for Accounting and Review...
by Rupinder | Dec 23, 2015 | Uncategorized
The President Signs the Tax Extender Bill The President signed the “Protecting Americans from Tax Hikes (PATH) Act of 2015” December 18, 2015. The PATH Act of 2015 makes some of the extended provisions permanent while extending others only for two...
by Rupinder | Dec 21, 2015 | Uncategorized
2016 Tax Season Opens Jan. 19 for Nation’s Taxpayers Following a review of the tax extenders legislation signed into law last week, the Internal Revenue Service announced today that the nation’s tax season will begin as scheduled on Tuesday, Jan. 19, 2016. The IRS...
by Rupinder | Dec 16, 2015 | Uncategorized
The PATH Act of 2015 announced On December 16, 2015, Senate Finance Committee Chairman Orrin Hatch (R-Utah), House Ways and Means Committee Chairman Kevin Brady (R-Texas), and Senate Finance Committee Ranking Member Ron Wyden (D-Ore.) announced the Protecting...
by Rupinder | Dec 9, 2015 | Uncategorized
Tax Return Preparers: Data Thefts and Protecting Client Tax Information The Internal Revenue Service reminds tax return preparers that they are prime targets for identity thieves who seek data to use on fraudulent tax returns. The IRS recommends preparers create a...
by Rupinder | Dec 1, 2015 | Uncategorized
SSARS 21 is Coming! SSARS 21 is Coming! SSARS 21 Part 3: The Review Engagement By: Joseph L. Santoro MBA/CPA/CVA/MAFF/ABA This is the third in a series of articles intended to provide information about the AICPA’s Statement on Standards for Accounting and Review...
by Rupinder | Nov 24, 2015 | Uncategorized
For Small Businesses: IRS Raises Tangible Property Expensing Threshold to $2,500; Simplifies Filing and Recordkeeping The de minimis threshold in the tangible property regulations was raised today from $500 to $2,500 as a result of a meeting with IRS Commissioner John...
