Alabama Society of Certified Public Accountants

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ALDOR Announces Updates to My Alabama Taxes

September 20, 2021

Taxpayer web portal gets new look, user-friendly design
Alabama Department of Revenue Provides Extension of Time for Obtaining Motor Vehicle Registrations

September 1, 2021

Due to the extreme hardships placed on Alabama motor vehicle registrants in certain counties who may be unable to register their motor vehicles, renew their motor vehicle registrations or pay property taxes on their motor vehicles due to Hurricane Ida, which resulted in the closing of county licensing official’s offices during normal business hours, it is necessary to assist and expedite all efforts of relief.
Tax relief now available to victims of Hurricane Ida; Oct. 15 deadline, other dates extended to Jan. 3

August 31, 2021

Victims of Hurricane Ida that began on Aug. 26 now have until Jan. 3, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
EXECUTIVE ORDER – Temporary Suspension of International Registration Plan (IRP) and International Fuel Tax Agreement (IFTA)(Hurricane Ida)

August 30, 2021
ALDOR Reminds Financial Institutions to Avoid Underpaying Excise Tax

August 5, 2021

The law governing payment of Alabama’s Financial Institution Excise Tax changed in 2019, and affected financial institutions should take a closer look at their payments to ensure they aren’t underpaying and to avoid penalties and interest.
Tax proposal possibilities in the Build Back Better plan

May 21, 2021

The AICPA discusses what we know about the content and timing of possible tax changes in President Biden’s Build Back Better plan and the three ways they could advance in Congress.
2022 HSA, excepted-benefit HRA amounts increase slightly

May 18, 2021

In Rev. Proc. 2021-25, the IRS on Monday provided 2022 inflation-adjusted amounts pertaining to health savings accounts (HSAs) and the maximum amount that may be made newly available for certain health reimbursement arrangements (HRAs).
IRS extends May 17, other tax deadlines for victims of Tennessee storms; provides special guidelines for disaster area individuals needing further extensions

May 14, 2021

Victims of this spring's storms and tornadoes in Tennessee will have until August 2, 2021, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
IRS grants dyed diesel fuel penalty relief due to disruptions of the fuel supply chain

May 13, 2021

The Internal Revenue Service, in response to disruptions of the fuel supply chain, will not impose a penalty when dyed diesel fuel is sold for use or used on the highway in the states of Alabama, Delaware, Georgia, Florida, Louisiana, Maryland, Mississippi, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and the District of Columbia.
6 key areas of paid tax preparer regulation highlighted in AICPA letter to Congress

May 12, 2021

The AICPA welcomed the Biden administration’s recent request for congressional legislation to give the IRS the authority to regulate paid tax preparers who are currently unregulated.