Joe B. Kristan, CPA

Family leave credit available for COVID vaccine shots and side effects. 1031 a survivor? Time to apply for PPP loan forgiveness. Taxing beer - US v. Europe. A night in jail. Cheesecake!

Bipartisan Infrastructure bill advances with crypto reporting. Will bigger bill with tax hikes also move? Foreign trust clobbered with foot-fault penalties. Kiddie tax and teens. Lipstick = witchcraft?

Infrastructure deal "within reach." Where did I leave that $3.5 trillion? Simplification and the tax gap. July tax holidays. This tax evasion scheme is nails. Milk Chocolate festival.

IRS gives us a peek at the draft 2021 1040. Bipartisan infrastructure bill deadline "ASAP." Oregon SALT workaround. NC corporate tax repeal? Weighing in on #TaxTok. National Crème Brûlée Day.

Caught up, except for those 15.6 million returns. GOP targets capital gain hike plan. Like-kind limits doomed? Surprise - a partnership tax. Pay in cash, lose deduction. Coffee milkshake day!

Bipartisan infrastructure bill down, but not out. Advance tax credits and scammers. Sales tax holidays. Turning buildings into deductions. Tax perils of company cars. National Refreshment Day.

Infrastructure vote doomed today? Does it matter? Wyden goes after QBI/199A 20% deduction. California enacts SALT workaround. Venmo and 1099s. Space flight tax? National Junk Food Day.

Manchin advances lower gain rate. Schumer plays risky cloture vote gambit without knowing next move. QBI deduction en prise? 2000 new IRS pieces on the board. Prince, IRS draw. International Chess Day!

Advance child credits start to hit accounts today. Should you opt out? Tax pros and ID theft. California stimulus. Budget movement. Spinning webs and squirting ink. Give it away today.

IRS updates Applicable Federal Rates (AFR): minimum interest rates required by IRS for gifts, loans & sales. Includes long-term tax-exempt rate for applying Section 382 to Net Operating Losses (NOLs) for ownership changes occurring in the month. Also …

Budget deal near? Arizona gets SALT cap workaround. IRS readies 4 million unemployment refunds. Cracked driveway? $165K, please. S corp owner comp plan fail. Measure twice.

Inspector general says IRS efforts to audit the rich fall short. Banks, credit unions brawl. Another state with a SALT cap workaround. Tax bills strain Dem unity. Dad gets Varsity Blues. Moo.

First indictment on "Dirty Dozen" conservation easements. GOP cool to global tax deal. Fringes. Small businesses and tax deferral - still wise? CPA exam to change. Be a kid again day.

Biden reconciliation to include global minimum tax? Corporate rate fight. Minnesota approves PPP relief, SALT workaround. Remote workers abroad. Biden Capital Gain Rates. World Chocolate Day.

130 Countries agree on global minimum tax. Trump organization, CFO face tax crime charges. Supreme Court blocks California donor disclosure rule. Federal judge blocks limits on state tax cuts. Arizona tax cuts. Fried Chicken.

Farm loss relief guidance. Taxpayer advocate on IRS return processing delays. SALT Cap repeal deal coming? State beer taxes. Partner international reporting. Exempt org comp. Happy Canada Day!

Seeking a tax plan that can hold Democrats together. Oregon advances SALT cap workaround. More time for renewable projects. Dirty Dozen phishes. Tax refund lottery winner? Outfit of the Day Day.

Supreme Court declines to take case on Massachusetts remote worker tax. What Biden tax proposals might pass. Dirty dozen scam preview. Advanced child credits. July 1 state changes. Smile!

Bipartisan dealmakers head to White House. Larger partisan deal still moving. McAfee found dead in Spanish jail cell. Easement valuation penalized. Arizona tax cut advances. Shake on it.

IRS tool to delay advance child credits debuts. Infrastucture pay-for talks continue. Global minimum tax faces hurdles; is it workable? Digital tax deal? Keep typing, keep hydrated.

Infrastructure negotiations on the clock? Who pays corporate tax hikes? Advance child care credits may create April bill. Mobile workforce relief. Capital gains and 2021 buyouts. Rings to eat, not to wear.

Decision marks end of the road for protective refund claims for Net Investment Income Tax and ACA payroll taxes.

Infrastructure patience. Janet Yellen talks leaks, taxes with Senators. Iowa tax change bill signed. Colorado restaurant relief. Spirits taxes. Tax crime updates. Veggies and Strudel.

IRS Collections to resume. Slow IRS mail processing to continue? Nonfiler tax credit portal. Tax bill summer slowdown. Rettig addresses leaks. Sales tax and non-profits. Hidden rates. Orange Clothes.

Texans, Oklahomans and Louisianans have a due date today. You might too. Tax bills simmer. A "one time" wealth tax? California tax reaches over the years. Beach work and taxes. Picking nits.

Missing the IRS data breach story. Infrastructure talks leaving out tax boosts. Biden middle-class tax boost? Tax planning and change. Tying the knot and taxes. Ballpoint pen party.

IRS data leak confirms everyone's prior views. Investigations launched. Policy implications. One infrastructure negotiation fails, another begins. Colorado pass-through option. Donald Duck Day!

ProPublica says it has obtained IRS data on wealthy, names names. More on global minimum tax proposal. Taxing gains at death. $753K reasons to read instructions. Best Friends > Poison.

Key House taxwriter balks at death gain tax. Infrastructure talks still alive. June 15 deadline for overseas filers. Same-sex IVF deduction? Illiteracy avoids tax penalties. Break an egg today!

Biden death gain tax would hit more than the 1%. Reconciliation gets more complicated Housing credit push. Montana Tax Duts. June tax moves. Leave early in a hurry.

"Green Book" adds details to Biden tax proposals. Individual, Corporate rate hikes would take effect in 2022. Capital gain hikes retroactive to April 28. 199A survives. Legacy trusts targeted. Wear a dress, or drink milk?

Biden budget and tax details begin to leak. Energy tax bill goes to Senate Floor. Biden bank reporting may face court hurdle. Oklahoma tax cuts. Recordkeeping disaster. Sticky tape holiday.

Fraudulent jobless claims trip up innocent tax filers. Infrastructure counteroffer looms. Treasury tax nominee "eager" to regulate preparers. IRS goes trout fishing. Dow index hits 125. Paper airplanes, paperless office.

Nebraska set to cut corporation rate. Iowa boosts STO, tuition credits. Foreign tax changes and states. IRS funding draws fire. Ransom as a tax deduction. Wine Day and Brown Bag Day - great together?

Bonds to replace tax increases? Taxwriter floats ditching plan to tax gains at death. Opportunity zone flexibility. Tax season lessons. Don't forget your mileage log. Be a millionaire.

Minnesota, Iowa advance PPP conformity. Iowa ditches triggers, adopts bonus depreciation. Advance child credits - a tax trap? Can Dems unite behind tax hikes? Devil's Food Cake Day!

Justices hold IRS to procedural rules in microcaptive guidance. Biden, Harris release their 1040s. IRS to start mailing child credit monthly checks in July. Iowa, Oklahoma tax changes. No returns, no dirty dishes.

IRS updates Applicable Federal Rates (AFR): minimum interest rates required by IRS for gifts, loans & sales. Includes long-term tax-exempt rate for applying Section 382 to Net Operating Losses (NOLs) for ownership changes occurring in the month. Also …

IRS eyes LLC members skipping self-employment tax. Dyed Fuel relief in Southeast. IRS Backlogs bedevil Taxpayer Advocate. Banks wary of new reporting. Iowa tax stalemate. What's Fair? Frog Frolics.

Texas conforms to federal PPP loan treatment. Hearings on Tax Gap highlight uncertainties. Amazon Scores $300M EU tax win. Why your refund is late. Non-filers and refund deadlines. Appreciate your root canal.

States get tax cut limit guidance. Yellen's IRS praise gets tax pro pushback. New Iowa pass-through tax regime. Washington gain tax. Aircraft deductions. Kerguelen? Eat what you want day!

Constraining Sec. 1031 would hit farmers. IRS goes after Kraken crypto. Can more audits raise $700B? Yet more Jackson Estate. Longer IRA deferral? Location, location, taxes. Celebrate Nurses!

Washington State enacts capital gain tax. Idaho sends tax cuts to Governor. Iowa extends 529 contribution deadline. Hawaii PPP bill. Start-ups and retenion credits. More Michael. Happy Receptionists Day, tell them I'm busy.

Michael Jackson's Estate opinion values reputation low, but catalog high. Biden tax plan and states. Kansas taxes remote sellers. Iowa grain bin property taxes. Biden plan integrated rates. National Teacher Day!

Gain tax at death, limits on swaps, capital gain hike featured in Biden Plan. Audit push and taxpayer rights. How Europe taxes inheritances. Stimulus on a 1040. Diamond Jacks loses tax bet. Go ahead and dance.

Administration outlines tax hike proposals, expanded child and ACA credits. Like-kind exchanges imperiled. Capital Gain break gone. IRS E-file hurdles. Refund myths. Hug a superhero today!

Administration defends higher gain rate. Donors battle for privacy in Supreme Court. SALT workarounds. Montana tax cuts. The IRS finds its way to Plentywood, Montana. Prime Rib Day is Babe Ruth Day.

Will minimum tax on financial statement income distort financial statements? Vaccine credit push. Living trusts. Earth Day and taxes. Coming clean on multistate tax. Not getting the memo fails in Tax Court. Jelly beans!

Biden agenda relies on an already-overworked IRS. Superseding returns = tax mulligan. Califonia on PPP train. Florida taxes remote sellers. Tax trials of life abroad. Bag April 15 deadlines. Enoy a nice cup of tea.

Former National Taxpayer Advocate questions $1 trillion tax gap claim. Corporate rate to stop short of 28%? SALT cap proposals. Weed banking bill. Robinhood tax surprises. Cheese Fries!

IRS updates Applicable Federal Rates (AFR): minimum interest rates required by IRS for gifts, loans & sales. Includes long-term tax-exempt rate for applying Section 382 to Net Operating Losses (NOLs) for ownership changes occurring in the month. Also …

1040s aren't due today, but some other important filings are. How to file, pay, and extend. Senior GOP House taxwriter stepping down. SALT cap in play? Per-capita state tax collections. High-fives all around.

IRS Commissioner says $1 trillion in taxes might be unpaid. Clarity on 1040 overpayments. What's due tomorrow. Shuttered Venue Program shutters. Infrastructure SALT deduction hostage? Look up!

Tax Court unites on taxability of owner split-dollar life benefits. April 15 still gift tax return due date. Idaho trusts due May 17. Advertising tax cheating gets results. Make lunch count.

If payments are made by April 15, overpayment will be applied to first quarter on April 15. Subsequent payments will be applied on day made.

Updated Biden plan scales back financial statement income tax. IRS processing lags. Overpayments and Estimates. NY tax boost. Employee credits and local governments. Taxing Bachelors, susidizing rejection. Appreciation and Empanadas.

Arizona conforms to delayed return deadline. Only Hawaii won't delay. The taxwriters' agenda. Sell a partnership interest, withhold tax? Minnesota, NY consider tax hikes. Refunds expiring. Beer Day, No Housework.

Dealing with mismatched deadlines. Taxwriters float new international tax regime. YouTube to withhhold on non-U.S. users. Crypto may not be cryptic to IRS. Pass better laws. Corporate rates and states. Librarians!

Infrastructure tax hikes unveiled. July 4 House deadline. Undoing 2017 changes. No individual hikes yet. Unemployment refunds set for May. 25 million returns in line. Dead unresponsive to IRS. Opening day, Burrito Day!

Infrastructure Plan to feature corporate, international tax hikes, minimum tax on financial statement income. Cryptocurrency and fraudsters. Schools of Phishes. CEO taxes and workers. Appreciate your manatee.

IRS issues more incomplete due date delay guidance. Iowa extends returns and estimates. Two states hold out. Personnel file audits. Fashion research fails to win credit, but you might do better. Pencils!

Tax rate hike plans come into focus - corporations, then individuals. Four states still haven't changed filing deadline. State tax policy remains in limbo. IRS processing still lags. Bitcoins for Teslas. More waffles!

Congressfolk rip IRS for not delaying first quarter payment deadline. Five states still not on board. IRS changes 2020 unemployment computation. Can crypto hide? What loan? Tax return of the Jedi. Raisins and Cheesesteak.

That unexpected envelope with a card may not be junk mail. More states roll back 1040 deadline. You can still set up a 2020 Solo-K plan. Remember the retirement plan tax credit. Real housewife, unreal tax? Puppies!

IRS explains changes in employee retention credit. Senate takes on Rescue bill. More gig worker information reporting? The meaning of March 1 filing. IRS vs. Trusts. Read Across America Day.

1040 deadline delayed. Estimated tax, 1120, and 1041 deadlines stay put. AICPA, practitioners disappointed. Commissioner Rettig testifies today. Iowa tax cuts, inheritance tax repeal advance. Have an awkward moment today!

100 Congressfolk urge 1040 deadline extension. House votes later PPP deadline. Extensions are your friend. New manufacturing tax incentives? Superstar tax compliance endorsements. National SBDC Day. Cabbage!

IRS updates Applicable Federal Rates (AFR): minimum interest rates required by IRS for gifts, loans & sales. Includes long-term tax-exempt rate for applying Section 382 to Net Operating Losses (NOLs) for ownership changes occurring in the month. Also …

IRS: hold off on amending 1040s with unemployment tax; agency issues guidance. Rescue plan and non-profits. Does rescue plan stymie state tax incentives? IRS secret agent denies being secret agent. Pandas!

COVID bill cleared for President's signature. Amending for tax-free unemployment. ID thieves still busy - protect yourself. Does COVID bill ban state tax cuts? IRS is very picky about how you report property donations.

FInal 'Rescue' bill passage expected today. More calls for deadline extension. Expanded PPP for sole proprietors. IRS tools for visually-impaired taxpayers. The occupation continues. Celebrate the landline.

Senate passes new version of rescue bill with retroactive 2020 changes. House vote expected tomorrow. Bill creates marginal rates over 100% at some income levels. IRS hunts cryptocurrency non-reporters. Proofreading and Peanut Clusters.

Bill exempts portion of 2020 unemployment comp from income. Phaseout range compressed for stimulus payments. Executive compensation deduction limits tightened. Bill returns to House.

Senate COVID bill phases out cash payments at lower incomes. Temporary tax credits are forever. New PPP, retention credit guidance. 65th day looms. Iowa PPP conformity advances. The guy accused of $2B tax fraud. Snack time.

Employer state income tax risk from COVID-remote employees. Connecticut acts on telecommuters. Check for your impact payments. IRS gets in front of Aretha's heirs. Team roping losses lassoed. Be happy, or have a sandwich.

Interest rates are unchanged from first quarter.

IRS explains changes in employee retention credit. Senate takes on Rescue bill. More gig worker information reporting? The meaning of March 1 filing. IRS vs. Trusts. Read Across America Day.

IRS explains changes in employee retention credit. Senate takes on Rescue bill. More gig worker information reporting? The meaning of March 1 filing. IRS vs. Trusts. Read Across America Day.

IRS explains changes in employee retention credit. Senate takes on Rescue bill. More gig worker information reporting? The meaning of March 1 filing. IRS vs. Trusts. Read Across America Day.

New due date is June 15. Extension applies to all returns due starting February 8. These include farmer 1040s due March 1, calendar-year partnerships, S corporations, 1120 returns, and 1040 filings.

House may vote on rescue plan tomorrow. NOL carrybacks at risk? California stimulus. Minnesota nixes sales tax benefit on credit card losses. State death taxes. Small-town Iowa muni fraud? Chowder and Chili celebrations.

IRS says it's sticking with April 15 deadline. IRS mistakes rile taxwriters. Some states eye high earners as tax target. Corporate rate increases and competiveness. The weird tax science of credit card rebates. Raisins!

Extension applies to all returns due starting February 11. Among the returns automatically extended are farmer 1040s due March 1, calendar-year partnerships, S corporations, 1120 returns, and 1040 filings.

Texas filers get reprieve to June 15. COVID rescue bill races through House. Does your state tax PPP loan forgiveness? Washington State and COVID aid. 1099 dilemmas. Margaritas. Dog Biscuit Day!

Tax Court again nixes deductions for legal Cannabis businesses. Beware state W-2 amounts. Should you wait to file? Ghost preparers. Spooky sales tax exposure. April 15 still the deadline? National Wine Day.

Montana taxes COVID refugees. Does your state? Home office deductions and utilities. Poor hit by slow IRS processing of mail. Will SALT cap workarounds backfire? Of cabbages and kindness.

IRS updates Applicable Federal Rates (AFR): minimum interest rates required by IRS for gifts, loans & sales. Includes long-term tax-exempt rate for applying Section 382 to Net Operating Losses (NOLs) for ownership changes occurring in the month. Also …

Alabama enacts big tax reform, adopt single-factor apportionment. Where's your Covid tax home? Taxing GameStop gains. Where is the highest U.S. sales tax? Biofuel credit scam "easy." Mardi Gras cancelled, so, almonds!

IRS still working through July mail? New rules on exempt organization business taxation. Phishing tax preparers. More Covid Relief? Hobbies. Love, taxes, and accountants. Spilled milk has its day.

Monthly child credits in play in Covid bill. Proposals attack international business interest expense. IRS pandemic backlog prints tickets to Tax Court. Umbrellas!

Employee retention credit extension proposed. Getting covid credits for the self-employed. IRS notice error goes after 2007 taxes. Iowa conformity with new COVID tax rules. National Toothache Day.

Congress passes COVID relief, PPP expense deduction in late-night session. Extenders, Energy efficient buildings, brewers win in bill. IRS not hacked, says IRS. Time for some time off.

No limits, no guardrails.

Details still being drafted. Some unspecified limits may apply to PPP expense deduction. Welcome back, deductible meals. WOTC and New Markets Credits reported extended for five years.

COVID deal with PPP deduction may drag into the weekend. Debt modifications can trigger tax bill. Can same person get 1099 and W-2? Nutcraker anniversary. Cookies!

COVID Deal with PPP loan expense deduction appears near. More checks. Bill to require new disclosure of owners. COVID relief tax reckoning. First flight. Maple syrup is delicious.

Congressional leaders may hammer out deal - today? PPP expense deductibility looks likely. What about S corporation basis? Retention credit and acquisitions. Remembering the big Midwest earthquake.

IRS updates Applicable Federal Rates (AFR): minimum interest rates required by IRS for gifts, loans & sales. Includes long-term tax-exempt rate for applying Section 382 to Net Operating Losses (NOLs) for ownership changes occurring in the month. Also …

New bipartisan proposal includes PPP expense deductions. IRS warns preparers of e-file scam. Treasury hacked. Disasters in Puerto Rico, Alabama. Rights, Tea, Cupcakes and Pearls.

Defense bill with owner disclosure requirement passes with veto-proof margin. Line up corporate 4th quarter payments. 1040s become more nosy. COVID relief expiring 12/31. Hi, South Pole.

McConnell says compromise Covid bill can't pass. SBA explains new PPP questions. Minnesota's chain mail market. Home improvements good, repairs bad. Hibbing boy's capital gains. Walking on the moon.

Bipartisan outline includes PPP expense deductions. Will there be individual payments? Non-resident Covid state relief pushed. R&D credits for startups. Parking deduction rules go final. General Sherman's Georgia nexus.

White House pushes individual payments in COVID bill. Tips for charitable gifts. Push for COVID penalty break. Colorado COVID deduction. Scrooging in NY. A mouse and a link. It's a boy!

Issues snagging PPP bill don't seem to include PPP expense deductions. IRS "close-out" delays tax credits. Don't think twice, it's all capital gain. Time travel with brownies for the bartender.

Defense bill creates new owner disclosure paperwork regime. COVID relief-PPP deduction bill likely may go to next week. Will IRS delay due dates for 2020 filings? There's always a tax angle, and a better instant replay angle.

PPP expense deductibility stirring in compromise COVID bill? AICPA battles SBA loan questions. Protecting your tax data. Retention credit accounting. Busting aggressive deductions. Hug a casserole today.

COVID relief stirs in lame-duck Congress. Microcaptives in the Supreme Court. California tax payment COVID relief. December Tax Moves. Subhyperporcine is a word. Enron Day. National Mutt Day.

Why aren't we seeing more loss carrybacks? Hackers. 20 years for tax phone call scammer. Holiday ID theft. Wrigley Field. One year of COVID. Giving Tuesday. National Pie Day.

Tax Policy and the incoming Treasury Secretary. Declining the payroll tax holiday. More on PPP expense disallowance. Minnesota COVID relief. California names and shames. Play with Dad.

Friendlier final like-kind exchange rules. PPP non-deductibility and its discontents. Slow 1040 processing hampers ACA signups. Smuggling smokes. Where's D.B. Cooper? Honoring sardines.

IRS nixes 2020 PPP qualifying expense deduction. COVID telecommuters face state tax challenges. Coke's transfer pricing goes flat. A long November family trip, 400 years ago.

Rev. Rul 2020-27 disallows qualifying costs if the taxpayer has "reasonable expectation" of forgiveness, even if not yet applied for. If forgiveness is denied, taxpayers may deduct expenses in either 2020 or 2021.

No universal forgiveness of COVID late filings and payments. SALT workaround update. Deals for PPP companies just got easier. IRS prepares partnership audits. The day we started to stop dialing.

IRS updates Applicable Federal Rates (AFR): minimum interest rates required by IRS for gifts, loans & sales. Includes long-term tax-exempt rate for applying Section 382 to Net Operating Losses (NOLs) for ownership changes occuring in the month. Also …

Micromanagement rescues taxpayer's restaurant losses. Uncertain tax planning for a change in Presidents. Midnight regulations coming? HSAs - right for you? Celebrate bread and baklava.

Companies registered in the UK for EU VAT compliance must re-register by February 10, 2021.

Pass-through entity taxes: SALT workaround and unintended consequences. Biden proposals that might pass. Expense reimbursements. IRS targets plan loans. Individual tax climates. World Wide Web proposed.

Senate runoffs key to Biden tax plans. Will any changes be effective 1/1/2021? Treasury said to plan 2020 disallowance of PPP expenses. Microcaptive update. Eleventh Hour. Sundaes.

IRS blesses state passthrough entity taxes as SALT Cap workaround. Biden tax agenda in a divided congress. Colleges and COVID credits. Mitten clips, this season's hot accessory. The dawn of Windows 1.0.

These have been enacted in several states to bypass the $10,000 cap on itemized deductions for state and local taxes.

Election results point to smaller COVID relief bill. SBA hints at PPP second-guessing. 2020 tax woes may linger. State corporate business climates. Good records > bad Yelp. Donuts and men cooking dinner.

Presidency, Senate vote counting continues. State tax vote results. Private equity and the election. Checkout counter contributions. How not to handle payroll and banking. Happy Anniversary to the Lincolns.

Tax-related election information. The uphill battle to extend expiring provisions. Policy uncertainty. Things the election could change. County spaces out on collecting cannabis revenue. Celebrate your sandwich.

Election results and COVID relief. Expatriation record set. Candidate tax plans. State business interest deduction complications. Candy taxes. Biodiesel Credit Fraudster sentenced. Computers talking. Celebrate Oatmeal.

IRS says mail backlog was twice as big. State tax ballot measures. Updated 2021 penalties. Year-end issues for farmers. IRS to crackdown on partnerships? Zooming in on taxes. Tax migration. An Arch birthday.

IRS adjusts brackets, exemptions for inflation for 2021. Presidential tax plans, or non-plans. New 1040 Cryptocurrency instructions. Flandreau Santee Sioux 1, South Dakota 0. Easements. Rules of the Road Pizza.

COVID negotiations continue; doubts for pre-election deal. Obstacles to Biden tax goals. IRS mistakenly revokes tax exemptions. Cannabis accounting ploy smoked? Happy Birthday, Internal Revenue Code.

COVID relief deal negotiations continue past deadline. Wildfire deadline relief. Biden tax proposals. Lessons from $2B tax evasion case. 2021 Business Tax Climate Index. A rough 4th quarter for the Pack in 1973.

Pelosi-Mnuchin COVID deal deadline tonight. IRS affirms daily sports betting as gambling. You can't buy away criminal tax probe. Open enrollment tips. Land Deal of the 19th Century.

Filing relief covers return due dates and estimated tax payment deadlines.

IRS updates Applicable Federal Rates (AFR): minimum interest rates required by IRS for gifts, loans & sales. Includes long-term tax-exempt rate for applying Section 382 to Net Operating Losses (NOLs) for ownership changes occuring in the month. Also …

Extensions expire today. How to file, why to file. PPP Concessions, but no movement. Cryptocurrency tax confusion. Many sales tax jurisdictions. FORTRAN lives!

Extended deadline day tomorrow. Senate to vote on PPP relief next week. IRS removes donations from QBI computation. 2020 OECD tax competitiveness index. Harold Godwinson's bad day.

COVID talks stalled. Tax-effecting pass-through valuations. COVID driving paper out of IRS. HLB 'Network of the Year.' State unemployment funds drained. Biden Social Security plans. Bill Mazeroski walks off the Series.

One week to extended Deadline Day. Remember Foreign account reporting. Abandoning partnerships can be tricky. IRS digs out. SALT deduction lessons. State throwback rules. The Don Larsen game.

Trump ends COVID relief talks, then hints he might sign something. IRS goes after foreign-owned realty transactions. State tax ballot measures. IRS cellphone snooping. The Dutch Beer Tax Riot.

Anti-virus mogul faces tax charges; yacht, cryptocurrencies involved. Staying safe online. Aircraft use valuation. Trump tax losses, Biden tax plans. How St. Anthony's Falls nearly fell.

Notice 2020-76 warns that this is the last year for "good-faith" relief for late penalties.

Distinguishing food from fun. The new ag producer relief payments. Closing a buisness. Schedule Cs with big losses. States with corporate AMT. Convincing the judge that you put in the time.

Trust and Estate extended returns due today. PPP loan forgiveness getting underway. Biden, Harris release returns. Retroactive interest deduction elections. A vanity plate may not make my car deductible.

The long and short of deducting haircuts. A new COVID relief bill. Presidential tax revelations. Biden tax proposals. Partnership audits and non-profits. Good news for time travelers.

IRS updates Applicable Federal Rates (AFR): minimum interest rates required by IRS for gifts, loans & sales. Includes long-term tax-exempt rate for applying Section 382 to Net Operating Losses (NOLs) for ownership changes occuring in the month. Also …

House Dems prepare smaller relief bill. Disaster loss: go for it? Election-year tax strategies. Healthy business tax credits? Iowa COVID due dates. Cybersecurity Brief. Happy 231st, Supreme Court.

Final bonus depreciation regs. COVID relief hopes dim. Extenders again. Disaster scam warnings. Conservation easement syndications roar along. Wealth and the tax law. Tip your attorney. The wonders of Chicagohenge.

No shareholders, no S corporation losses. California, Oregon filing deadline relief. State revenues holding up better than expected. Receipts aren't enough. First road trip anniversary.

Elections first, then PPP deductibility? $3 million penalty for not reporting foreign account. October 15 deadline looms. Research dentists. Boris Johnson, accidental American.

Major software provider's e-file system fails at deadline. Unemployment benefits may surprise at tax time. California addresses COVID teleworkers. School district fraud. Happy birthday, office copier.

How to make sure your 1120-S or 1065 is timely-filed. Extra disaster extensions. Kansas deadline relief. Reporting indirectly-owned foreign accounts. Daytraders. IRS fires up Marijuana industry web page.

Biden touts tax on offshore income. Third quarter payments loom. COVID coverage doesn't wreck health tax credits. California exempts PPP forgiveness. Fast car can't outdrive taxes on kickbacks.

Senate to take up "skinny" COVID package. California enacts partial AB 5 relief. IRS reaches out to distribute stimulus. Iowa payroll tax scofflaw gets 4 months. Idaho relief for Iowa disaster. First computer bug.

IRS overpayment and underpayment rates under Sec. 6621 are updated.

Can Congress agree on COVID relief? Payroll Tax Deferral Dilemmas. Biden and taxing gains at death. IRS fails to foil stock donation deduction. Derecho tax issues. Weed tax relief? Starship Enterprise takes flight.

Understanding employee FICA deferral guidance. Extended deadlines in 11 Iowa counties. California nexus thresholds. IRS loses income verification. When IRS reads your Facebook.

Biden tax plan and the middle class. Taxing gains at death. Conservation easement deals begin to surrender - is Trump affected? September tax moves. There is no Tax Fairy. Happy Birthday, Treasury Department.

Filing deadlines from August 10 extended to December 15. This includes extended returns and third quarter estimated tax payments.

Federal Government implements FICA deferral. Businesses still wary. IRS collections and COVID. PPP forgiveness and fraud. IC-DISC and farms. Foreign buyers, US homes. Tax breaks for body parts? A true fright mask.

FICA taxes deferred September through December; Employers to withhold and remit deferrals January through April next year. What happens when employees leave with deferred taxes unpaid?

IRS tips on using payroll service providers. Banks and Employee Retention Credits. Strange Treasury deposits in your account. Where are property taxes highest? Zero emission toilet, zero deduction business.

IRS paying interest on 2019 refunds. Using the new carried interest rules. Avoiding tax surprise on unemployment breaks. Payroll tax deferral questions. New Nebraska tax incentives. Taxpayer forgets to report $2.9 Million of income.

IRS allows e-filing first amended 1040s. Families First regs overturned - implications. IRS knowingly issues incorrect notices. States and business interest. Tax Court waives paperwork errors to save $1.5M deduction.

IRS updates Applicable Federal Rates (AFR): minimum interest rates required by IRS for gifts, loans & sales. Includes long-term tax-exempt rate for applying Section 382 to Net Operating Losses (NOLs) for ownership changes occuring in the month. Also …

Gopher State and GoDaddy. Elections and tax exemtion. Teleworking employee double tax. Payroll tax holiday snags. No unilateral capital gain tax cut. Nebraska military retirement break. Depression era prosecution politics.

Employee opt-out for employee FICA withholding? Winning by losing in tax planning. Telecommuting taxes. Farm demolitions. Happy Birthday, IBM PC.

Get ready for estate tax changes. Whither the payroll tax suspension? Lingering CARES Act problems. Qualified improvements - they matter. SALT workaround regs. Hedy Lamarr, Wi-Fi pioneer.

Loss Deductions, Payroll Tax Holiday confound Congress COVID talks. GILTI regs - amend your return? Home office deductions and dangers. Iowa sales tax holiday underway. Lamborghini or lawyer, choose one.

Divorce settlement fails to increase basis of family business. IRS smashing easement deductions on technicalities. Leave sharing. Sales tax holidays. The value of $100, state by state. Happy birthday to the Web.

Repeal of $10K state and local tax deduction cap snags COVID relief talks. New PPP guidance clarifies owner comp. LLCs and farms. 16.3% California income tax? Idle keyboards, busy sin tax collectors. Judges as truffle hunters.

Unilateral payroll tax cut scorned. COVID relief negotiators find optimism. Targeting PPP fraud. Online sales tax surge < traditional tax losses. Gig econ info reporting gaps. Happy bubbly birthday.

COVID relief negotiations slog on. Proposed small business accounting regs. Online COVID shopping and sales taxes. Tax crimes as prosecution "insurance." Mickey Mouse, bestower of tax refunds.

Regs proposed on small taxpayer accounting breaks. Relief for COVID remote employees? Deductibility for PPP costs still in play. Amending Minnesota returns. Tax Court > Netflix. Florida man, Thailand, taxes, hamsters.

Final regs narrow scope of "interest" for deduction limits. FAQ on combining businesses for small business breaks. Prospects for Senate COVID relief. Tax documents and time travel.

GOP COVID relief plan introduced; delays likely. 2020 Iowa tax changes explained. Major penalty for hockey team accountant. Lamborghini not fast enough to outrun PPP fraud charges.

Officer in Floyd death faces state tax charges. PPP renewal in GOP COVID package? Excess profit taxes and their discontents. Tax Court will continue to allow remote trials. Happy Birthday, Typewriter!

GOP, Trump tussle over payroll tax cuts. Biden proposal targets Sec. 1031. What to do if you missed the July 15 deadline. "Pennies-on-the-dollar" scams. Happy birthday to "worst movie ever."

IRS fixes glitch for owners of foreign corporations with high taxes. Iowa fixes GILTI for corporations, but not for 1040s. GOP preps new COVID relief. Estate planning for Biden term? Farewell to iconic Tax Court web design.

IRS embraces big data. So do state revenue collectors. Qualified leasehold property - deducting now vs. 39 years from now. Voluntary Disclosure pitfalls. Where do 1040 filers get their income? No business deduction without a business.

IRS updates Applicable Federal Rates (AFR): minimum interest rates required by IRS for gifts, loans & sales. Includes long-term tax-exempt rate for applying Section 382 to Net Operating Losses (NOLs) for ownership changes occuring in the month.

Down-to-the-wire reminders. IRS resumes collecting delayed payments. How to extend. Paying the first two 2020 federal estimates. Why your refund may be late. Iowa bites 2019 business losses. Tax day freebies another 2020 casualty.

IRS tips for last minute filers. IRS collections resume after tomorrow. Sales tax collections crater. If you gotta move, move. 1 weird trick of successful taxpayers. The problem with renting your underwater vacation home.

Don't expect to get your ACA taxes back. AICPA calls for filing penalty relief for 2019. Getting early PPP forgiveness. Seattle payroll tax in play. Sales tax holidays and rates. Accidental coronavirus bonus for newlyweds - and unweds.

Luxury Auto depreciation limits updated for 2020 with Rev. Proc. 2020-37

Tax Day is July 15 this year. Why to extend, how to extend. What about the states? New deadline, same old scams. When real estate buyers have to withhold taxes. PPP shaming. Paper filing? Postal delivery is ON FIRE!

President signs PPP extension. IRS touts new non-employee 1099. Backup withholding. Tennessee reels in more remote sellers. Extending > Amending. July 10 notice deadlines. Too smart to be innocent.

Congress passes PPP extension. TIGTA looks at IRS tax notice avalanche. Don't email your SSN. COVID crushing state revenues. Opportunities in German Beer arbitrage in Finland. Does Casey's really require an explanation?

Supreme Court upholds Montana Tuition Credit program. California curbs net operating losses. North Carolina decouples on interest, losses. July 15 as tax day. IRS secret shopper completes spare in Wisconsin

IRS says July 15 deadline stays. Quickie refund deadline also moves to 7/15. Taxpayer Advocate says pandemic highlights IRS tech weakness. Lingering in Iowa will cost more. Breaking windows is bad.

Tomorrow is last day to file for 2018 carryback "Quick refund." Interest on 2019 refunds. Tax Court and passports. IRS R&D Credit Win. Why it's OK to stimulate the dead. What's a gift? Downsides of RV tax deductions.

IRS bids to settle syndicated easement cases. IRS workers return to COVID-19 risk. IRS stands pat on international residency relief. Iowa grain glitch guidance. A Florida man reviews his tax return.

IRS paying interest on refunds from April. More due date change rumbling. RMD Reversals. Extending Opportunity Zone rollover deadlines. US vs. Euro wine taxes. The IRS secret shoppers.

Undoing that required 2020 retirement distribution. Reconsidering EIDL loans. S Corp owner comp and PPP forgiveness. Main Street Lending for non-profits. How the IRS can help you buy your Bentley.

Quick refunds stymied by slow processing. Publicity for PPP borrowers. Returning accidental virus benefit payments. What to do when the IRS shows up. No break for cash-rent Iowa capital gains. No miracles in Tax Court.

Court upholds administrative rule treating farm rentals differently from other rental activity; taxpayer fails to demonstrate material participation.

Simplified PPP forgiveness - who qualifies? Disaster uncertainty. Digital tax impasse. Small-town Iowa city embezzlement. CPA trips over his paperwork in Tax Court. France begins a comeback.

New PPP guidance good news for gig workers. PCORI fee didn't go away. Teetering on the edge of the ACA cliff. North Dakota celebrates Wayfair. Tax Court questions miraculous real estate appreciation.

IRS updates Applicable Federal Rates (AFR): minimum interest rates required by IRS for gifts, loans & sales. Includes long-term tax-exempt rate for applying Section 382 to Net Operating Losses (NOLs) for ownership changes occuring in the month.

95% write-down on proposed ACA large employer penalties. Iowa uncouples from 163(j), Corporate GILTI. Old IRS notices, new deadlines. COVID telecommuting and State taxes. Preparer, prepare thyself.

First new SBA PPP Guidance. PPP disallowance and QBID deductions. State estimate deadlines. Iowa to dump GILTI, 163(j)? VAT isn't the same as simple. Pirates v. Royals, deficit killer. "Charity" operators cash in on donated clothes.

PPP expense deduction in Senate this week? Health care ministries as medical expense. COVID scams. Is extending past 7/15 wise? Living in Minnesota, deducting in New York.

Treasury erases PPP Payroll Cliff. Big PPP Webinar today. Taxable non-profits and loss silos. The expensive coach tax. Deductions for non-conventional health care. A tropical storm plans an Iowa visit.

Bill extending PPP spending window to 24 weeks goes to President. Borrower-friendly, but beware the 60% payroll cliff. IRS allows remote retirement plan signatures. IRS Phone Phrustration. K.C. Chiefs come back for sales tax win.

S corporation gambit to accelerate losses fails. COVID-19 fraud risks. Iowa and CARES Act conformity. Data Tax. Golf course as conservation purpose. Farewell to the last Civil War pensioner.

PPP loan bill opposition crumbles. No PPP for bankrupt farmers. Deduction 2020 COVID losses on 2019 returns. IRS and high-income non-filers. Sales taxes and small business. IRS nixes $24 million "gift."

Open that plain envelope with a card. Ag producers get new relief. New guidance on PPP and retention credits. Big Idaho state income tax decision. Things they don't sell at Whole Foods.

The PPP deal is again altered. Lenders, PPP, and Clawbacks. Don't sleep on the July 15 deadline. NOL deductions are good policy. Taxing COVID-19 telecommuters. The soporific power of the tax law.

Administration pushes more COVID-19 relief; Senate in no rush. New PPP forgiveness issued late Friday night. Retention credit expansion interest increases. Adam Sweet video on PPP forgiveness form. Last Civil War pension still pays $73.13 monthly

A new, smaller PPP modification bill starts to move. HSA limits increased. Why everything with the IRS is going slow. States, losses and nexus. Amelia Earhart solos the Atlantic.

IRS updates Health Savings Account (HSA) maximum contributions, minimum deductibles, and out-of-pocket maximums for 2021. The 2019 HSA contribution window is open through July 15, 2020.

No new Coronavirus legislation before June. We have enough PPP guidance? USDA gives ag producer assistance details. Iowa rules on PPP loan, COVID payment tax. Mistaken persistence and its 72-month reward.

What we learn from the new PPP forgiveness application. Stimulus checks as debit cards. Court says FBAR fines constitutional. Hidden marginal tax rates and poverty. How do you protect your secret identity on your expense report?

IRS updates Applicable Federal Rates (AFR): minimum interest rates required by IRS for gifts, loans & sales. Includes long-term tax-exempt rate for applying Section 382 to Net Operating Losses (NOLs) for ownership changes occuring in the month.

Form and instructions outline required documentation.

Deadline moved from May 14 after SBA exempts loans under $2 million from scrutiny. Will this new date also apply for Employee Retention Credit eligibility?

PPP safe harbor repayment deadline pushed back four days. Safe harbor for PPP loans < $2 million. IRS loses a conservation easement case. Presidency residency. First vaccination 224 years ago today.

Employers allowed to loosen flex plan election rules. House Dems release HEROES Act bill. Conservation easements suffer Tax Court loss. Supremes hear Trump return cases. Shelby Cobra bites owner.

Conservation deal syndicator warns of tough audits ahead. Capital Gain tax elimination? Explaining stimulus payment surprises. Stimulus, response, and dead folks. Sword fight: not insane, but not happening.

PPP borrowers can opt to tax credit by repaying loans by 5/14. Congress presses IRS on PPP deductions. Dead people lose PPP payments. First PPP loan fraud arrests. VE Day 75th anniversary.

Another week to repay "uneeded" SBA loans. Pressure on IRS to allow PPP deductions. Employment credits when employees stay away. Settling with the IRS virtually. Never trust your brother.

Mnuchin defends PPP expense disallowance. Double-standard or Double-dip? Trump says payroll tax cut or bust. PPP and nonprofit endowments. My lonely voice. Dealing with an extra digit on your refund. Court undresses SBA stripper PPP loan bar.

IRS says expenses that contribute to loan forgiveness are non-deductible under Sec. 265.

PPP easier for the big to navigate. What are rules for sole proprietors? What if you sell after getting a PPP loan? GILTI planning. Oregon eases up. Bankruptcy court consults Oracle of New Hartford.

Mnuchin uses Squawk Box to trim PPP eligibility. Counting employees. FASB delays some standards. Iowa 1st quarter payments still due tomorrow. More state COVID-19 relief. Overachieving at age 17.

Squinting to see a big charitable deduction. Seasonal employers and PPP loans. Home office deductions for COVID telecommuters? "Get my Payment" glitches fixed. Tax Court won't be bamboozled.

Counting to 500 employees. Farmers and Gamblers (no, not the same thing) can get PPP loans. COVID-19 payment scams proliferate. IRS employees start to return. States struggle. The 1918 pandemic deadline.

House approves renewed forgivable loan funding. Questions on who gets forgivable loans. IRS proposes relief for non-profits' taxable activities. Nebraska reneges on 2nd quarter dates. Pop or Soda?

Fax is fast, refunds not so much. Telework and Minnesota withholding. Just Keep the $500. Flex plans and over-the-counter meds. Happy Birthday, New Coke.

Senate refills PPP loan program. Senator cautions borrowers. International tax relief for COVID-stranded taxpayers. COVID and state voluntary disclosure payments. Boomer Sooners.

Will the PPP program get new funding today? Maximizing PPP loan forgiveness. States need money, and they may want yours. The case for business loss deductions. Sam Houston's big day.

Puzzling through the SBA guidance. What it means for banks. IRS payment tracker opens, struggles. State pension funding and COVID-19. And there's always a tax angle.

Federal 1040s, 1120s for 2019 aren't due today. What states have extended. PPP Guidance comes out for the self-employed. Eastern Iowa municipal embezzlement. When April 15 became Tax Day.

IRS says you should fax your loss carryback starting Friday. States, deadlines and PPP forgiveness. Where's my virus money? IRS lines are down. The lingering allure of bad tax ideas.

2018 NOLs can be claimed on Forms 1139 and 1045 until June 30, 2020

IRS fixes partnership procedural glitch. Forgiven loans, forgone deductions? IRS says to wait on CARES Act refund claims. Iowa, Idaho tax deferral updates. Appomattox day.

Push for $250M more for SBA PPP loans. AICPA FAQs on COVID-19 relief. Stranded Abroad, Taxed Abroad? IRS Scam warning. Montana, California add COVID-19 relief.

Treasury updates PPP FAQ. A community banker on the PPP front lines. States ponder rebate taxation. Rainy Days. Leaving Fort Mandan.

IRS changes course on requiring returns for rebates. IRS challenges in getting $ to non-filers. Navigating the tax credit and forgivable loan maze. All 50 states have deferred deadlines, but some more that others.

Payroll Protection Loans on the fast track. Treasury releases loan, tax credit guidance. IRS announces payroll tax penalty waiver. States gear up for transfer pricing battles. Rebates depend on "prehistoric" software.

Covid-19 relief options can be hard to figure out. What we know about the SBA forgivable loans. NOL quirks fixed by CARES Act. Virus relief? Scammers are ON IT!

Senate sends Coronavirus relief to House. Amended returns and refunds coming. Cash payments. Forgivable loans. Disaster loans and grants. IRS backs off during crisis.

Coronavirus deal imminent. Returns will be amended. Administrative adjustments will be requested. Feds clarify due date guidance. More states delay deadlines. King Zog, champion smoker.

Coronavirus legislation stalls. More states extend due dates. How proposed rebates would work, and rebate lessons from history. Meredith scores DPAD win. And live from Finland.

Internal Revenue Service extends the income tax filing and payment deadline from its traditional April 15th due date to July 15th, 2020.

No April filings or extensions required. April estimated payment deadline also pushed back to July 15.

Limited tax credit, paid leave for quarantined and isolated employees and families. Limited relief for payment due dates panned. Tax Policy for the Coronavirus crisis.

NOL carrybacks, individual business loss limits, liberalized interest deductions among items in today's proposal.

IRS issues Rev. Rul. 2020-09 prescribing April 2020 AFRs

Limited and unclear April 15 relief fails to satisfy. Is IRS leaving key relief tools in the box? Suggestions for more filing relief. Other policy responses. And the bitter fruits of tax crime.

Coronavirus relief legislation stalls. Will tax credits provide help in time for struggling employers to pay sick leave? States begin to provide relief. And is Courier a timeless font?

Now that President Trump has declared a national emergency, taxpayers await direction from the IRS regarding upcoming deadlines.

More on a possible universal 1040 extension. Do payroll tax holidays work? USPS trumps postage meter. Why taxpayers may benefit from a due date break.

Blanket extension of the April 15 deadline? Congress cool on payroll tax holiday. California virus employer relief. ACA compliance in COVID-19 era. And some non-viral news.

Taking a tax loss. Wash your hands, not your sales. Will there be a tax response to the Coronavirus?

IRS struggles with non-banked cannabis cash. Energy extenders languish. What if that 1099 is wrong? Can nagging speed up your tax refund?

How businesses who haven't been filing in all the right states might be able to make it good. Refund size is the wrong metric. How Iowa's filing season is going. China, Coronavirus and Taxes. Are corporate taxes fair?

Relief for US participants in foreign retirement and benefit plans. The Bots are coming for federal and state non-filers. TIGTA says IRS too lenient on bad refundable credit claims. HSAs, M&E, Transit funding, more!

Conservation Easements still selling despite IRS challenges. Extend that 1120-S today. Texas does Wayfair. Death of a President. Death of livestock. State income tax collections.

Supreme Court says states settle fights between group members over refunds. Vineyards get a break. Iowa preparer pleads guilty. Don't "verify your social security number." And check out Harry Truman's 1935 1040!

No signature, no $1.7M refund. New overseas housing allowances. How taxes work in Scandinavia. IRS Commisioner speaks on Crypto.

Iowa's Department of Revenue introduced a bill that contains a fix for Iowa net operating losses and changes to the partnership audit rules that would piggyback off of Federal.

An attempt to turn deferred comp into capital gain comes home with an empty bag. A return of the corporate AMT already? IRS gets personal with high-income non-filers. Sales tax trouble for an Iowa State Fair fixture. Wisconsin ponders personal property …

Where Iowa and Federal taxes differ, for now. An Eastern Iowa businessman gets 15 months for tax offenses. Also: Grain bin sales taxes, Presidential tax pardons, and more!

State conformity may cause an unconstitutional tax. How the IRS watches you hands-free. Not outsmarting the IRS in Minnesota. And a cab driver thwarts an IRS impersonation scam.

IRS issues Rev. Rul. 2020-06 prescribing March 2020 AFRs

Not filing that little form showing non-deductible basis can haunt you, or maybe your children. Also: Talking Fraud, Stealing Identities from the dead and from living students, Tax Freedom Days, and more!

The IRS changes its withholding regulations. Have you updated your W-4? How they withheld on President Lincoln. Also: IRS EIN rules raise privacy problems for bank employees. Taxpayers aren't overwhelming the IRS with 1040s yet. And much more!

Hey Partnerships, here comes the IRS! IRS explains reduced gain on insurance policy transfers. More conservation easement debacles. Candidate payroll tax proposals, vaping blowback, and more!

Another conservation easement goes off the rails. IRS collections up; Free File underused; Bloomberg's Tax Plans; and waiting 92 years to talk to the tax authorities.

Iowa Governor Reynolds introduced a proposal for individual income tax cuts paired with an increase in the state sales tax rate.

New accountings rule could change your 2019 business tax return

States with a GILTI conscience, impending interest limit regs, and more in today’s roundup. And is it crazy enough to say you don’t have to pay taxes?

Conservation easements gone wrong, Going around in circles in an O-zone, Cryptocurrency timing, and much more!

Sales-Tax Ruling Strains Small Online Sellers - Ruth Simon, Wall Street Journal ($) (via TaxProf Blog)

University town businessman with sales tax problems also has federal tax challenges - David Mullen, Ames Tribune.

TIGTA Spotlights IRS 2019 Filing Season Shortcomings, Successes - William Hoffman, Tax Notes.

IRS Clarifies that Rev. Proc. 84-35 Still Applies to Small Partnerships - Kristine A. Tidgren, Ag Docket.

Treasury Hopes to Release Final Interest Limit Rules as Package - Eric Yauch, Tax Analysts.

Once More Unto the Breach: 199A Filing Season Round 2 - Eric Yauch, Tax Notes "Taxpayers and return preparers alike have digested final rules and other guidance on the passthrough deduction over the past year, but other changes may upend any sense of …

45L is a section of the Internal Revenue Code that provides a tax credit of up to $2,000 for each qualified residential dwelling unit an eligible contractor builds utilizing energy-efficient technology.

Cryptocurrency Summons Should Be Narrowed - Kristin Parillo, Tax Notes ($). “A California federal magistrate judge has recommended that a court uphold an IRS summons seeking data on an individual’s Coinbase Inc. holdings, but narrow the date range of the …

The tax law can be cruel, but it is harshest on taxpayers who don’t keep good records. The Tax Court gave an attorney a tough lesson on this last week.

Esports join NFL, other traditional games as jock tax target, Kay Bell. “Who's really surprised?”