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IRS issues guidance on the retroactive termination of the ERC
The IRS has issued guidance for employers on the retroactive termination of the Employee Retention Credit (ERC). The ERC was retroactively terminated as of September 30, 2021, except for employers that are a recovery startup business. Infrastructure Investment and...
Audit Returnship Associate
Part-time Audit Returnship Associate Location: Salt Lake City, Utah www.larsco.com Required time commitment: Part-time, flexible hours (option to take...
2021 Year-End Tax Planning: Three revenue procedures address taxability of PPP loan forgiveness
The IRS has issued a series of three revenue procedures addressing the tax effects when a PPP loan is forgiven. Rev Proc 2021-48 provides that taxpayers may treat amounts that are excluded from gross income (tax-exempt income) in connection with the forgiveness of...
IRS’s Fiscal Year 2022 Compliance Priorities for Tax-Exempt & Government Entities (TE/GE)
Richard Scoresby, CPA, is a tax partner specializing in Nonprofit tax planning and preparation. Richard leads our Nonprofit...
Tax Provisions From the Build Back Better Act: International & Business Provisions
Corporate Alternative Minimum Tax The Build Back Better Act resurrects the corporate alternative minimum tax (AMT) which was eliminated by the Tax Cuts and Jobs Act, although it returns in a slightly altered form. Proposed to be effective for tax years beginning after...
Tax Provisions From the Build Back Better Act: Individual Provisions
Income Tax Surcharge In lieu of income tax rate increases on the top tax bracket, the Build Back Better Act includes a new, two-stage surcharge on the modified adjusted gross income of individuals, estates and trusts. An additional tax of five percent applies to the...
Slam and Eggs November 2021 Presentation – Actuarial Audits for Insurance Companies
Tori Nickle, CPA, is an audit manager for Larson & Company. She specializes in providing audit and data analytics services...