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Lawmakers introduce bill to simplify tax payment deadlines

Congress introduced bipartisan legislation aimed at changing the estimated tax payment deadlines to a uniform, quarterly schedule.
Rep. Debbie Lesko, R-Arizona, and Bradley Schneider, D-Illinois, introduced the Tax Deadline Simplification Act on Tuesday. The legislation would set the estimated tax installment deadlines to 15 days after the end of each quarter, moving the deadlines to Jan. 15, April 15, July 15, and Oct. 15. It would affect individual taxpayers, small businesses, estates, and trusts.
Estimated tax payments are made each quarter to the Internal Revenue Service by those whose income isn’t subject to tax withholding, but the current laws set the estimated tax payment deadlines at uneven intervals that don’t necessarily coincide with calendar year quarters, which can lead to confusion. This past year, when the IRS delayed the traditional tax filing deadline of April 15 until May 17, that led to difficulties for the taxpayers who still had to make a quarterl ....

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Lawmakers introduce bill to simplify tax payment deadlines

Lawmakers introduce bill to simplify tax payment deadlines
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IRS plans virtual tax forums in July

IRS plans virtual tax forums in July
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2021 IRS Virtual Nationwide Tax Forum begins in July | Internal Revenue Service

2021 IRS Virtual Nationwide Tax Forum begins in July | Internal Revenue Service
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CPA: What Is A Certified Public Accountant?

WKBT
April 8, 2021 8:48 AM
Brian O Connell - Forbes Advisor
Posted:
Updated:
April 10, 2021 6:08 AM
A CPA, or certified public accountant, is a highly trained financial professional specializing in accounting. Though many people associate CPAs solely with tax preparation, they perform a wide variety of financial-related tasks, from financial reporting to audit work and forensic research.
CPA Requirements
The requirements to become a CPA vary state by state. Generally speaking, though, to become a CPA, you must:
1. Have a bachelor’s degree with at least 150 credit hours
2. Have at least two years of public accounting work experience
3. Pass all four parts of the CPA exam; this is the same from state to state and covers topics like auditing, business environment and concepts, financial accounting and reporting, and regulation ....

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