Tax

Guidance in Notice 2021-53 from the IRS will help employers with the ‘Instructions for Employee’ and other statements.

One measure in particular — home values — suggests it may have shifted some relative wealth down the income scale.

This is the third acquisition Sovos has made this fiscal year.

Assessing the delays; myths about preparers;the numbers behind the season;and other highlights from our favorite tax bloggers.

Unprocessed paper-filed business returns jumped from 239,285 to 7.9 million.

The IRS is giving those affected by recent wildfires and floods extra time to file.

Fighting among Democratic lawmakers over proposed hikes in individual and capital gains taxes is intensifying, creating more questions and opportunities for advisors.

Senate Democrats are discussing a wider range of tax proposals than President Joe Biden has proposed, including levies on stock buybacks, carbon emissions and executive compensation, as part of a package of measures to help fund a ramping up in social spending.

The service has issued Notice 2021-52 with special per diem rates that take effect Oct. 1, 2021.

Even professionals such as accountants and attorneys who may serve as trustees are unaware of the numerous risks that life insurance policies carry.