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November 18, 2021

Prepared for Voornaam

IRS beefs up identity verification for online self-help

By Michael Cohn       3 min read

The Internal Revenue Service is strengthening the identity verification and sign-in process for its online self-help tools after a number of high-profile data breaches.  View story →

The CPA exam curriculum is changing: Here’s what you need to know

By Angie Brown       4 min read

Should educators and students be concerned about these changes? View story →

RELATED

AICPA opens .cpa web domain in Canada →

The American Institute of CPAs and its technology arm, CPA.com, extended the .cpa web domain across the border to Canada, allowing CPAs and CPA firms in Canada to apply for .cpa web addresses to strengthen their brand.

IRSAC: Full funding for IRS a smart ‘first step’

By Jeff Stimpson       1 min read

The advisory group’s annual report supports the IRS’s 2022 budget request. View story →

FASB issues standard for reporting gov’t grants

By Michael Cohn       2 min read

The ASU requires businesses to disclose information about some types of government assistance they receive within the notes to their financial statements. View story →

NASBA honors three with 2021 leadership awards

By Sean McCabe       2 min read

The National Association of State Boards of Accountancy honored three CPAs at its 2021 Annual Meeting who have helped push the profession forward. View story →

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Our new robot overlords, and other tech stories you may have missed

By Gene Marks      

Mental health perks via app; ‘deep voice’ frauds; better job interviews through technology; and more. View story →

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IRS warns of tax debt OIC scams

By Michael Cohn       3 min read

The Internal Revenue Service posted a series of videos to explain how taxpayers can steer clear of scammers who claim to be able to help them with their tax debts while charging exorbitant fees and making outrageous claims. View story →

Companies forced to do more financial restatements

By Michael Cohn       5 min read

More companies have issued financial restatements in the second quarter of 2021 than any year since 2013, driven in part by recent SEC guidance on SPACs.  View story →

Senate SALT Plan would fully lift cap within income limits

By Laura Davison and Kaustuv Basu       3 min read

Sen. Bernie Sanders is working on a proposal to set an income threshold for an unlimited state and local tax deduction.  View story →

SALT proposals give windfall to top earners in high-cost areas

By Ben Steverman and Laura Davison       5 min read

Well-off professionals in costly areas of the U.S. are set to get a windfall from competing plans to change the deduction limit for state and local taxes. View story →

Billionaire Brockman’s memory strong in lawsuit, lawyer says

By Neil Weinberg and David Voreacos       2 min read

A lawyer who questioned the software billionaire in an antitrust lawsuit supported prosecutors who fake dementia to avoid trial on tax-evasion charges.  Read story →

In the blogs: Tsunamis of change

By Jeff Stimpson       3 min read

Keeping your peeps; Better’s economic impact; new to us; and other highlights from our favorite tax bloggers. Read story →

Bookkeepers, accountants respond to pandemic with new services

By Michael Cohn       2 min read

Over two-thirds of respondents to a new survey also expect to add new team members in the coming year. Read story →

The tax impact of the infrastructure act

By Roger Russell       4 min read

The new act impacts cryptocurrency, the Employee Retention Credit and tax deadlines. Read story →

IRS ups transcript limit for tax pros to 30

By Michael Cohn       2 min read

The service has increased the number of transcripts that tax professionals can order per client to 30, up from 10 previously. Read story →

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Wednesday, December 15, 2021 2:00 PM EST

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