IRS

MEDIA ALERT: Wolters Kluwer Tax Experts Available to Speak on Congress Passing Inflation Reduction Act

Retrieved on: 
Monday, August 15, 2022

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20220815005176/en/
    Does the New Corporate Alternative Minimum Tax Under the Inflation Reduction Act Apply?
  • (Graphic: Business Wire)
    What: Congress has passed the Inflation Reduction Act of 2022, with the House voting on Friday, August 12, 2022.
  • Who: Tax expert Mark Luscombe, JD, LL.M, CPA, Principal Federal Tax Analyst, for Wolters Kluwer Tax & Accounting , can discuss the tax changes made by the Inflation Reduction Act and its impact on taxpayers.
  • Learn more about some of the changes outlined in this recently published Inflation Reduction Act of 2022 tax briefing from Wolters Kluwer Tax & Accounting.

Special Operations Group Applauds Members of House Foreign Affairs Committee For Taking First Steps in Transparency and Accountability for Withdrawal From Afghanistan

Retrieved on: 
Monday, August 15, 2022

This report lays out the events, policies, decisions, and orders of the Biden Administration regarding ending the US military presence in Afghanistan.

Key Points: 
  • This report lays out the events, policies, decisions, and orders of the Biden Administration regarding ending the US military presence in Afghanistan.
  • President Bidens own officials have described the end of the U.S. presence in Afghanistan as a strategic failure and an ugly final phase.
  • Members of the Foreign Affairs Committee have taken these initial steps into providing answers for the special operations community, veterans, and the American people with this report.
  • We advocate for all past, present, and future members of the Special Operations community and their families.

Surgent Accounting & Financial Education Presents New Online CPE Course on Tax Implications of Just-Passed Inflation Reduction Act

Retrieved on: 
Saturday, August 13, 2022

RADNOR, Pa., Aug. 12, 2022 /PRNewswire/ -- Surgent Accounting & Financial Education, a division of KnowFully Learning Group, today announced a new online CPE course that covers changes to the tax code included in the Inflation Reduction Act, which just passed the House and is on its way to President Biden's desk for his signature. Airing live on Tuesday, August 16 with subsequent dates throughout August, "Summary and Analysis of the Inflation Reduction Act of 2022 (IR22)" will provide a deep dive into all aspects of legislation that will impact tax planning for both individual and business clients.

Key Points: 
  • The course is a deep dive into how the legislation will impact tax planning for both individual and business clients.
  • "As is our practice, we at Surgent are bringing you all the pertinent tax provisions in the Inflation Reduction Act," said Nick Spoltore, Surgent's vice president of strategic content development.
  • Surgent Accounting & Financial Education, a division of KnowFully Learning Group, is a provider of the high-impact education experiences that accounting, tax and financial professionals need throughout their careers.
  • The company provides exam preparation and continuing education for accounting, finance, and tax professionals under the Surgent Accounting & Financial Education brand.

More U.S. employers to offer travel benefits for abortion services in wake of Dobbs decision, WTW survey finds

Retrieved on: 
Thursday, August 11, 2022

Another 16% of employers plan to offer abortion travel benefits in 2023, while 21% are considering it.

Key Points: 
  • Another 16% of employers plan to offer abortion travel benefits in 2023, while 21% are considering it.
  • The survey also found nearly half (44%) of employers that offer or plan to offer travel benefits for abortion services or for any other medical procedures (e.g., transplant, bariatric and musculoskeletal surgeries, gender affirmation, fertility services) due to the court ruling have enhanced those benefits.
  • Further, 86% of employers align their travel and lodging benefits for abortion services with travel and lodging benefits for other procedures.
  • Among companies that offer or plan to offer travel benefits for abortion services, 43% have an annual limit and 22% expect to place a limit in the future.

Palmetto Publishing Releases Following The Money Trail: New Memoir SPECIAL AGENT Chronicles Former IRS Criminal Investigator’s Most Notorious and Highly Suspenseful Cases

Retrieved on: 
Thursday, August 11, 2022

After receiving a rather disappointing form letter from FBI Director J. Edgar Hoover at the age of 14, Corrigan was undeterred.

Key Points: 
  • After receiving a rather disappointing form letter from FBI Director J. Edgar Hoover at the age of 14, Corrigan was undeterred.
  • He kept his head down in school and discovered he had a knack for bookkeeping and accounting.
  • His newfound ability and tenacity would result in a thrilling career within the Criminal Investigation Division of the IRS.
  • Corrigans resulting memoir is a fascinating, rare look at a day in the life of a special agent.

New Federal Bill Could Allow Tax Deduction for Surrogacy Expenses, Remove Discrimination Against LGBTQ Tax Payers

Retrieved on: 
Thursday, August 11, 2022

LOS ANGELES, Aug. 11, 2022 /PRNewswire-PRWeb/ -- Men Having Babies (MHB) applauds the filing of the Equal Access to Reproductive Care Act by Representative Schiff (D-Burbank) and Representative Chu (D-Monterey Park). The bill will allow people to deduct assisted reproductive care, including surrogacy, as a medical expense on their tax returns, without having to demonstrate a medical/physical infertility.

Key Points: 
  • The bill will allow people to deduct assisted reproductive care, including surrogacy, as a medical expense on their tax returns, without having to demonstrate a medical/physical infertility.
  • These organizations came together to help pass a bill to reform IRS regulations which prohibit tax deductions or credits for medical expenses associated with surrogacy.
  • MHB will inform our members in the coming months on ways to encourage our representatives to support the bill.
  • Our extensive online resources include FAQs, a video library, Ask the Expert articles, and a unique surrogacy and gay parenting research library.

W. David Ellrich, Founder of Leading Forensic Accounting Firm, Retires

Retrieved on: 
Thursday, August 11, 2022

PALM BEACH GARDENS, Fla., Aug. 11, 2022 /PRNewswire-PRWeb/ -- Ellrich, Neal, Smith & Stohlman, P.A., one of the leading forensic accounting firms in South Florida, announced the recent retirement of its leader, W. David "Dave" Ellrich, CPA, CFE, CVA, ABV, MAFF, ASA, CFF. Dave helped shaped the litigation and forensic accounting industry as trailblazer in the 1980's, cultivating a standard for success for all who followed his storied career.

Key Points: 
  • Dave helped shaped the litigation and forensic accounting industry as trailblazer in the 1980's, cultivating a standard for success for all who followed his storied career.
  • Dave's road to success was paved by unmatched expertise, hard work, and a passion for forensic accounting with integrity.
  • Dave graduated Florida State University in 1973 with a degree in accounting and continued his education with a Masters in Accounting.
  • He led the organization for 40 years, creating one of the most sought-after, prominent forensic accounting firms in the state.

CBL Properties Declares Third Quarter Common Stock Dividend

Retrieved on: 
Wednesday, August 10, 2022

CBL Properties (NYSE:CBL) today announced that its board of directors has declared a dividend of $0.25 per common share, payable in all cash, for the quarter ending September 30, 2022.

Key Points: 
  • CBL Properties (NYSE:CBL) today announced that its board of directors has declared a dividend of $0.25 per common share, payable in all cash, for the quarter ending September 30, 2022.
  • The dividend, which equates to an annual dividend payment of $1.00 per common share, is payable on September 30, 2022, to shareholders of record as of September 15, 2022.
  • Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.
  • CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties.

INFINITI HR, Announces National Alliance Program with MULBERRI™ to Provide InsurTech Solutions to Franchises and SMBs

Retrieved on: 
Tuesday, August 9, 2022

SCOTTSDALE, Ariz., Aug. 9, 2022 /PRNewswire-PRWeb/ -- Mulberri partners with INFINITI HR to transform how franchisors, franchisees, and SMBs procure and manage their business insurance. Through a National Alliance Program with INFINITI HR, The Professional Employer Organization for Franchises®, Mulberri will help franchisors and franchisees protect their brands without exposing them to cyber and joint-employer liability risks. Mulberri's secure cloud-based AI platform provides the best available quote and coverage, ensures compliance to franchise agreements and delivers 'A' rated insurance carriers to compete for franchise businesses, in a matter of seconds. What used to take days, weeks, or more to procure business lines of coverage, subjecting businesses of all sizes to laborious underwriting and archaic applications, is now accomplished in a virtual instant thanks to Mulberri InsurTech. Mulberri InsurTech will be a complimentary service to INFINITI HR PEO clients effective August 4, 2022 integrated within the human resource information system of INFINITI HR.

Key Points: 
  • SCOTTSDALE, Ariz., Aug. 9, 2022 /PRNewswire-PRWeb/ -- Mulberri partners with INFINITI HR to transform how franchisors, franchisees, and SMBs procure and manage their business insurance.
  • Through a National Alliance Program with INFINITI HR, The Professional Employer Organization for Franchises, Mulberri will help franchisors and franchisees protect their brands without exposing them to cyber and joint-employer liability risks.
  • Mulberri InsurTech will be a complimentary service to INFINITI HR PEO clients effective August 4, 2022 integrated within the human resource information system of INFINITI HR.
  • INFINITI HR Chief Executive Officer Scott Smrkovski, Managing Partner Mark Schwaiger, and Senior Vice President Daniel Mormino announced the National Alliance Program with Mulberri from the INFINITI HR National Alliance Sales Division in Scottsdale, Arizona.

IVIX Adds IRS and Industry Veterans to Leadership

Retrieved on: 
Tuesday, August 9, 2022

NEW YORK, Aug. 9, 2022 /PRNewswire/ -- Today, IVIX, the first AI-powered platform designed to help authorities address tax evasion at scale, announced John D. (Don) Fort and Deborah Pianko will join the company as Chief Business Officer and Director of Sales (North America). Mr. Fort brings to IVIX nearly 30 years in law enforcement for the federal government, including three years as Chief of the Internal Revenue Service's Criminal Investigation (CI) Division. Ms. Pianko is a subject-matter expert in tax fraud detection and compliance issues and former Principal at SAS, an industry leader in analytics, artificial intelligence and data management. These two new additions join a talented and versatile team of AI management, intelligence and tax fraud experts helping tax agencies combat tax evasion in the shadow economy.

Key Points: 
  • "We are excited to welcome this talented group of experts to IVIX at a transformational and challenging time for the global and digital economy," said Matan Fattal, co-founder and CEO of IVIX.
  • I look forward to continuing these important efforts by helping more tax agencies have access to the powerful IVIX platform."
  • Prior to Don's leadership roles at the IRS, he served as Director of Field operations at the agency.
  • IVIX helps tax authorities gain insight into the shadow economy so they can strengthen compliance and support public services.