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The CARES Act Made it Easier to Draw Cash from 401(k)s, But Few Have Taken Up the Offer
Trusted Professional
Recent data from the Investment Company Institute (ICI) indicates that despite the CARES Act making it easier to tap 401(k)…
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House Ways and Means Committee Chair Urges IRS to Stop Sending Past Due Notices Until It Has Cleared Mail Backlog
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Rep. Richard Neil (D-Mass.), the chair of the House Ways and Means Committee, has urged the IRS to stop sending taxpayers…
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Jobless Numbers Rise Again, to 1.1 Million
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The U.S. Department of Labor announced sub-million milestone remain at an impasse according to the Wall Street Journal
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Congressional Democrats, faced with mounting constituent pressure, have signaled a willingness to make some concessions in…
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Coalition of Business Trade Groups Call Payroll Tax Deferral Unworkable
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A coalition of 33 business trade groups said that the White House's planned deferral on collecting payroll taxes will create…
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IRS to Distribute Interest on Refund Payments, Averaging $18
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The IRS announced Form 1099-INT also reminded taxpayers
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Average CEO Pay Reached $21.3 Million in 2019, a 14 Percent Jump From Previous Year
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Corporate CEOs got a 14 percent pay raise last year, with average compensation having reached $21.3 million and researchers…
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1040-X Now Available for Electronic Filing
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The IRS announced "The ability to file the Form 1040-X electronically has been an important long-term goal of the IRS e-file…
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SEC Names Diana Stoltzfus, PwC Audit Partner, as New Deputy Chief Accountant
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The Securities and Exchange Commission the departure of her predecessor Stoltzfus in her new role, will lead the activities…
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