<![CDATA[ The institute released for public comment a draft of the proposed changes it wants to make to its International Professional Practices Framework. ]]>
Day: March 1, 2023
M&A roundup: IRIS and SD Mayer expand
<![CDATA[ IRIS Software Group acquired Apex HCM; and SD Mayer & Associates added Seifer, Murken, Despina, James & Teichman’s tax practice. ]]>
IRS CI gears up for consumer protection campaign
<![CDATA[ The service’s Criminal Investigation division plans to cast a spotlight on tax scams and fake charities. ]]>
Accountants unite to aid NYC food bank program
<![CDATA[ The Food Bank for New York City has been working to end food poverty in the five boroughs for 40 years and counting, and now it’s getting some help from a group of accountants. ]]>
Lookback period extended for refunds related to pandemic postponements
In determining the beginning of the lookback period for refund claims for returns with due dates postponed by Notice 2021-21 or Notice 2020-23, the IRS will disregard the periods from April 15, 2020, to July 15, 2020, and from April 15, 2021, to May 17, 2021. This change will align the lookback periods with the postponed return filing due dates.
Earnings quality is the worst in three decades
<![CDATA[ Cracks are forming in the trajectory of profits, and just as worryingly in the makeup of the profits themselves. ]]>