IRS Issues Procedural Guidance for the New Revenue Recognition Rules

The IRS released guidance allowing automatic accounting method changes for taxpayers to follow the final revenue recognition regulations.

2021-08-27T10:55:31-04:00August 27, 2021|Categories: Tax: Business|Tags: , , |

Missing Participants in a Retirement Plan

A retirement plan is required to maintain contact information for participants and beneficiaries who are owed a benefit under the plan.

IRS Issues Employee Retention Credit Gross Receipt Exclusion Procedure

Rev. Proc. 2021-33 allows exclusion of PPP, restaurant revitalization and shuttered venue operator grants from ERTC gross receipts test.

MTC Adopts New P.L. 86-272 Guidance: What You Need to Know

The Multistate Tax Commission approved new guidance on P.L. 86-272 that specifically addresses internet activities in the new economy.

2021-08-13T12:44:28-04:00August 11, 2021|Categories: Tax: Business, Tax: State & Local|Tags: , |

IRS Enhances Employee Retention Credit Guidance for Open Questions

Notice 2021-49 provides answers on previously uncertain issues and addresses changes implemented in the American Rescue Plan Act.

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