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IRS Sends Taxpayer First Act Report to Congress

(CPA Practice Advisor) - The IRS has sent the Taxpayer First Act Report to Congress, a comprehensive set of recommendations that will reimagine the taxpayer experience, enhance employee training and restructure the organization to increase collaboration and innovation.



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Tax Angle #1: Shuffle Assets To Sidestep Capital Gain Taxes 
(Forbes) - You can move appreciated assets from this person to that person, in order to reduce or eliminate the tax on the capital gain. ..As always with taxes, tricky rules surround a goodie like this.


How to Turn Off Read Receipts in Microsoft Teams 
(How-to-Geek) - Some people love read receipts. Some people hate read receipts. If you fall into the latter camp and you use Microsoft Teams, you’ll be glad to know that you can turn off read receipts for direct messages….


4 Tips for Virtually Onboarding New Employees 
(Accounting Web) - Working from home comes with many challenges, many of which are felt when it comes to onboarding new employees. Here's how to overcome them...


U.S. Trade Gap Hits 14-Year High of $68.1B 
(CFO) - Retailers pushed imports of consumer goods to a record as they stocked up for the Christmas holiday season..


No More Puny Prizes: Mega Millions, Powerball Jackpots Soar 
(AP News) - After a long stretch of relatively paltry prizes, U.S. lottery players now have a choice of games that offer combined jackpots of more than $1 billion.


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