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SAPWG Adoptions from the 2022 Spring NAIC Meeting
The Statutory Accounting Principles Working Group (SAPWG) met recently as part of the NAIC spring 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...
How Does IRS Contact Taxpayers?
Know the facts about how the IRS contacts taxpayers The IRS has reminded taxpayers how it will and, perhaps more importantly, will not contact taxpayers. When the IRS needs to contact a taxpayer, usually it first delivers a letter through the U.S. Postal Service....
Larson University: A Summer Workshop
For more information contact kelison@larsco.com Larson & Company’s Vision When Larson & Company began in 1975, the...
Reminder: Deadlines for Making 2021 Retirement Contributions, Taking RMDs
The IRS has reminded taxpayers that the deadline for making 2021 contributions to an individual retirement account is April 18, 2022. Also, April 1, 2022, is the last day for taxpayers who turned 72 in 2021 to begin taking required minimum distributions from a...
District court strikes down microcaptive listed-transaction notice
A federal district court, relying on the Sixth Circuit’s decision in Mann Construction, has vacated the IRS notice identifying microcaptive insurance arrangements as “listed” transactions and ordered the IRS to return all documents and information that taxpayers and...
Don’t be afraid of filing a tax return extension
Derek Bradley is a Tax Senior at Larson & Company specializing in small business tax preparation and accounting...
2023 IRS cryptocurrency reporting requirements
Under the broker information reporting rules, brokers must report transactions in securities to both the IRS and the investor. These transactions must be reported on Form 1099-B. Legislation enacted in 2021 extends these broker information reporting rules to...
Employee Benefit Plan annual audit and regulatory update training slides
To view the webinar recording, click here. For more information,...