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Release The Kraken, District Court Orders. All Crypto Investors Should Pay Attention

(Forbes) - Court order authorizing a John Doe summons to be served on cryptocurrency exchange Kraken signals more IRS enforcement to come.



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IRS Enlists TaxBit to Help Catch Crypto Cheats 
(Accounting Today) - The Internal Revenue Service has picked TaxBit, a Salt Lake City-based company, as a subcontractor to help it do data analysis and tax calculations for audits of taxpayers with cryptocurrency.

The Best Laptops: Premium Laptops, Budget Laptops, 2-in-1s, and More 
(PC World) - Our top picks feature the best tech advances in portable PCs, from new CPUs and GPUs to new materials.

AICPA Requests Relief for Taxpayers Under Sec. 473 of the Internal Revenue Code 
(CPA Practice Advisor) - Foreign trade interruptions due to the COVID-19 pandemic have prevented many companies and individual sellers from replacing their inventory – these interruptions meet the definition of a “qualified inventory interruption” under section 473(c)(2).

Consumer Prices Shot Up 0.8% in April as Worries Escalate 
(USA Today) - A worrisome bout of inflation struck the U.S. economy in April, with consumer prices for goods and services surging 0.8% – the largest monthly jump in more than a decade – and the year-over-year increase reaching its fastest rate since 2008.

Free resources to make 2021 better for you and your firm

If you can spare just a bit of time during the tax season, wouldn't it be great to use it to plant the seeds for making your entire 2021 a little better? LEARN MORE


About AccountantsWorld

At AccountantsWorld, we value the crucial role that YOU play in core business services - accounting and payroll - just as much as you do.

That's why, since 2003, we've used the unprecedented power of the cloud to put you back in full control of your accounting and payroll services so you can best serve your clients, while raising your own firm's value and relevance. And we never sell our products or services directly to your clients.

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