Bob Scott

Bob Scott

IRS Tax Forum Begins July 19

Webinar pointThe 2022 IRS Tax Forum will be held July 19 through August 18, the Internal Revenue Service said this month. The virtual event will feature live-streamed webinars every Tuesday, Wednesday and Thursday.

The forum will include a keynote address from Commissioner Charles P. Rettig, a plenary session with tax law and publications updates and multiple sessions on high-interest topics made by IRS experts and partner associations. An ethics webinar will also be offered.

Those who register by 5pm ET pay the Early Bird rate of $240 per person with the fee rising to $289 per person on June 16. Registration includes access to the Virtual Expo

Members of the IRS national partner associations can receive a discount of $10 off the Early Bird rate and should contact their organizations directly. These groups are the American Bar Association Section of Taxation, American Institute of CPAs, National Association of Enrolled Agents, National Association of Tax Professionals, National Society of Accountants, National Society of Tax Professionals, Low Income Taxpayer Clinics and the Volunteer Income Tax Assistance Program 

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Returns Came in Strong by April 15

Taxes with penThe tax season ended on April 18, but there was a surge of during the last full week of return filing. The Internal Revenue Service received 122,543,000 returns for the season through April 15, an increase of 10.4 percent from 110,961,000 for the season through April 16, 2021.

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AICPA Supports Auto Dealer Relief

Car dealerThe American Institute of CPAs has endorsed a bipartisan bill in Congress that would offer auto dealerships tax relief. The Supply Chain Disruptions Relief Act would allow dealerships to wait until as late as 2025 for their inventory to be replaced in order to determine income attributable to the sale of inventory in 2020 or 2021. 

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