The IRS has made available a new online tool called “Tax Pro Account,” which will help streamline the submission of powers of attorney (POA) for tax practitioners and their clients. The new system is intended to reduce the wait time tax practitioners experience when gaining authorization to represent their clients.

See KPMG’s summary on the Biden Administration’s FY 2022 budget that highlights revenue proposals relevant to the asset management industry. In this booklet, you can find links to KPMG’s full report on the Biden Administration’s budget.

To make recent developments more accessible, KPMG's Washington National Tax –State and Local Tax practice has created a quarterly Technology Checklist that summarizes recent state guidance for topics such as the taxability of software, guidance on digital equivalents, and much more. 

While it’s our goal year-round to make you, IndyBar members, more profitable and productive in your practice, we’re taking extra care during the month of September to show you how much we appreciate you!

An IndyBarHQ utilization task force has been organized, featuring a diverse group of members, to direct our new HQ’s evolution with intention and creativity. The ideas already are simmering vigorously, but we need your help to bring them to a full boil.

On May 28, 2021, the Biden administration released General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals, also known as the Green Book. The Green Book proposes a number of changes to current tax law with the goal of driving more revenue.

Service on the Indianapolis Bar Association Board of Directors is an invaluable opportunity to play a role in the future of the legal community.

The Internal Revenue Service used an example for distribution rules of inherited IRAs that had some financial advisers worried.

A selection committee acting on behalf of the Indianapolis Bar Association and the Foundation has announced the selection of Chief Judge Tanya Walton Pratt of the U.S. District Court for the Southern District of Indiana as a recipient of the IndyBar's prestigious Luminary Award of Excellence. Chief Judge Pratt will be honored at the 2021 IndyBar Bench Bar Conference in Louisville, Kentucky on June 19.

While working at home, for albeit a relatively short period of time, I realized that the health of my professional working relationships was suffering. Perhaps you are still working from home. Perhaps you are still primarily attending meetings virtually. Perhaps you feel the same way.