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It’s now up to Congress to fix a tax law error that has meant multinationals and private equity firms are reporting and paying taxes on some previously exempted overseas investments. IRS proposed rules would ease the reporting...

source: Bloomberg Tax

Two tax amnesty programs have been established in Illinois by Public Act 101-0009: a general tax amnesty program administered by the Illinois Department of Revenue, and a franchise tax and license fees amnesty administered by the Secretary of State.

source: CPA Practice Advisor

A recent GoBankingRanks 2019 survey indicating 64% of Americans might retire with less than $10,000 in retirement savings. Nearly half weren’t concerned about the amount they’ve saved.

source: AccountingWEB

The Internal Revenue Service added a preauthorized direct debit payment option to allow taxpayers to pay off tax debts to private debt collection agencies that contract with the IRS. The IRS revived the private debt collection program...

source: Accounting Today

The Social Security Administration announced key numbers that affect workers and retirees today — a substantial increase in the wage base for workers and a modest increase in benefits for retirees. First the wage base news.

source: Forbes

The special AAA-CPA rate at the Peabody Memphis for the upcoming Fall Meeting & Education Conference has been extended to Thursday, October 17. Don’t wait until the last minute, as the Peabody is close to a complete sell-out over our conference dates! Make your reservations...

source: AAA-CPA


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