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Accounting News

All taxpayers now eligible for Identity Protection PINs

WASHINGTON – The Internal Revenue Service today expanded the Identity Protection PIN Opt-In Program to all taxpayers who can verify their identities. The Identity Protection PIN (IP PIN) is a six-digit code known only to the taxpayer and to the IRS. It helps prevent...

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2021 changes to Paycheck Protection Program second draw

At the end of 2020, Congress passed, and President Trump signed, a new law that provides for additional relief related to the coronavirus (COVID-19) pandemic. This law, the Consolidated Appropriations Act, 2021 (CAA, 2021), includes a second draw of Paycheck...

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SAPWG Adoptions from the 2020 Fall NAIC Meeting

The Statutory Accounting Principles Working Group (SAPWG) met virtually as part of the NAIC fall meeting. As a result of the meeting, the following items were adopted and will be effective as of the dates noted. We have compiled them below to help you see how they may...

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Taxpayers: Choose a Tax Preparer Wisely

As taxpayers get ready to file their 2021 taxes, they may be thinking about hiring a tax preparer. People should choose a tax preparer wisely. This is important because taxpayers are responsible for all the information on their return, no matter who prepares it for...

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