- AICPA recommends QBI improvements
- Interruption of LIFO inventories due to COVID-19 and Sec. 473 relief
- Automatic accounting method change procedures updated
- Certification deadline extended for work opportunity tax credit
- New safe harbor for ERC gross receipts calculation
- Infrastructure bill would end ERC, increase cryptoasset reporting
- IRS updates car and truck depreciation limits
- Guidance on claiming the ERC for third and fourth quarters of 2021
