by Rupinder | Mar 20, 2020 | Uncategorized
Dear NSA Members, Secretary Mnuchin has announced on Twitter that the tax filing deadline has been extended to July 15, 2020. See the tweet here....
by Rupinder | Mar 19, 2020 | Uncategorized
I spoke with a client the other day who says she hasn’t seen grocery stores this empty since rationing during WWII. While I wasn’t there to see that for myself, it makes sense. This is a scary time. When you watch the news, or even talk to people you know, it’s clear...
by Rupinder | Mar 18, 2020 | Uncategorized
Life is changing rapidly. The impact of the coronavirus is being felt everywhere. NSA is going to help you stay on top of things. Tax Deadline Extensions As you may already know, Secretary Mnuchin announced at today’s White House news conference that while the...
by Rupinder | Mar 17, 2020 | Uncategorized
Today: Treasury Secretary Mnuchin has announced that major programs will be taking effect to assist the American public during the COVID-19 crisis. Briefly, the Treasury Department will try to send checks to Americans immediately, within the next two weeks, and people...
by Rupinder | Mar 13, 2020 | Uncategorized
Alexandria, V.A. (March 13, 2020) – Today, the National Society of Accountants (NSA) sent a letter to The Honorable Charles P. Rettig, Commissioner of the Internal Revenue Service, requesting an extension of filing season. The letter was drafted in response to...
by Rupinder | Mar 12, 2020 | Uncategorized
NSA is watching for developments in the news, and not only for things that affect tax and accounting professionals. As a professional society, and as individuals, we are concerned for our communities, families, clients, and one another. in this blog post, we would...
by Rupinder | Mar 11, 2020 | Uncategorized
This morning, news outlets have begun reporting that the IRS is considering pushing back the April 15th tax filing deadline in response to the coronavirus outbreaks. The Hill and Bloomberg have sited “Treasury officials” who are looking at this option to relieve the...
by Rupinder | Mar 3, 2020 | Uncategorized
IRS GUIDANCE Revenue Ruling 2020-05 The IRS recently released Revenue Ruling 2020-05 which updates guidance that was published earlier in Revenue Rulings 2009-13 and 2009-14. These changes reflect adjustments of the basis of life insurance contracts resulting from the...
by Rupinder | Feb 27, 2020 | Uncategorized
Today, February, 22, 2020, the U.S. Treasury Department and Internal Revenue Service (IRS) announced the appointment of Erin M. Collins to serve as the National Taxpayer Advocate (NTA). Ms. Collins has twenty years of experience as a Managing Director of KPMG’s Tax...
by Rupinder | Feb 24, 2020 | Uncategorized
On February 19, 2020, the National Society of Accountants (NSA) responded to the IRS request for comments on the proposed IRS restructuring contained in the Taxpayer First Act (TFA). The suggestions come as a response to the solicitation for industry commentary...
