by Rupinder | Dec 8, 2017 | Uncategorized
The IRS will announce this afternoon that e-Services must be accessed via a Secure Access account. The changeover will occur on the afternoon of December 10. The IRS website will be updated with this information this afternoon, along with FAQs and other...
by Rupinder | Nov 3, 2017 | Uncategorized
House Republican leaders today formally introduced what they hope will be their signature legislative achievement in the 115th Congress: a sweeping tax reform bill that lowers individual and business tax rates, while also broadening the base by repealing or limiting...
by Rupinder | Oct 27, 2017 | Uncategorized
This is an update on critical issues currently affecting e-Services users. Because the IRS is still reviewing its contract options for an identity-proofing vendor, the move of e-Services to Secure Access authentication will be delayed. The transition was originally...
by Rupinder | Oct 26, 2017 | Uncategorized
Secretary Mnuchin has announced that David J. Kautter, Treasury’s Assistant Secretary for Tax Policy, will serve as Acting IRS Commissioner when my term ends next month. As Treasury’s top tax official, Kautter oversees development and implementation of tax policies...
by Rupinder | Oct 10, 2017 | Uncategorized
The IRS is sending the following QuickAlert today to users of e-Services: The IRS today warned all e-Services users to beware a new phishing scam that tries to trick tax professionals into “signing” a new e-Services user agreement. The phishing scam seeks to steal...
by Rupinder | Oct 2, 2017 | Uncategorized
The National Society of Accountants (“NSA”) is pleased to submit comments on the Exposure Draft of Proposed Section 14(q) of the Uniform Accountancy Act, or UAA. As you may know, NSA is a voluntary association of Certified Public Accountants, Enrolled Agents, licensed...
by Rupinder | Sep 22, 2017 | Uncategorized
The House Ways and Means Committee this afternoon released a bill that would provide tax relief to those impacted by the recent hurricanes. It is expected the bill will receive consideration in the House and Senate in the very near future. Enactment of the “Disaster...
by Rupinder | Sep 20, 2017 | Uncategorized
Brian L. Thompson, CPA, of Bailey & Thompson Tax & Accounting in Little Rock, AR was elected President of the National Society of Accountants (NSA) at its recent 72nd Annual Convention in Reno, NV. He will serve in the position for one year. Thompson has more...
by Rupinder | Sep 12, 2017 | Uncategorized
The IRS today released Announcement 2017-13 which provides relief to victims of Hurricane Irma, which caused damage to Florida and several other areas. It permits easier access to victims’ funds held in workplace retirement plans and in IRAs, for the period beginning...
by Rupinder | Aug 11, 2017 | Uncategorized
The Financial Accounting Standards Board on August 3 issued a proposed Accounting Standard Update (ASU) intended to clarify and improve the scope and the accounting guidance for contributions received and made, primarily by not-for-profits. FASB requested comments on...
