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Top Tax Cases Practitioners Should Know

(JofA) - Pinning down whether an activity is a trade or business for tax purposes, whether a tax penalty should be waived for reasonable cause, or the eternal question of when income is recognized for tax purposes — these issues arise often...


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What To Know About The New And Upcoming Child Tax Credit Portals 
(Forbes) - Marie Sapirie explores the IRS online portals meant to help families navigate the advance child tax credit for 2021, why some families might want to decline advance payment, and how the IRS might try to reach nonfilers.

Executive Optimism Hits Three-Year High 
(CFO) - What we’re seeing is a broad expectation that things will really open up in the second half of the year.

IRS Issues FAQs for Families and Small Employers for New Tax Credits 
(CPA Practice Advisor) - Both the child and dependent care credit as well as the paid sick and family leave credit were enhanced under the ARP, enacted in March to assist families and small businesses with the fallout of the COVID-19 pandemic and recovery underway.

UK Inflation Hits 2.1%, Vaults Past Bank of England Target 
(Reuters) - The figure represented the first time inflation has gone above the BoE's 2% target in almost two years and was above all 33 forecasts in a Reuters poll of economists which had pointed to a rise in inflation to 1.8%.

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