Annual Tax Extenders – Keep Your Money in Your Pocket!
The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted on December 27, 2020, deals with the annual tax extenders. Congress made some of them permanent, while others got …
Insights and News
IRS Penalty Relief – Learn Your Options Before You File Your Taxes!
The IRS can waive penalties it assessed against you or your business if there was “reasonable cause” for your actions. The IRS permits reasonable cause penalty relief for penalties arising …
Understanding COVID-19 Paid Sick Leave – Updated FAQs from the IRS
The IRS has updated their FAQs about recent legislation that extended and amended tax relief to certain small- and mid-sized employers under the Families First Coronavirus Response Act (FFCRA). Click …
Healthcare.gov Special Enrollment Period Begins February 15th!
HHS and CMS announced a Special Enrollment Period (SEP) for individuals and families for Marketplace coverage in response to the COVID-19 Public Health Emergency. This SEP will allow individuals and …
Important Updates and Reminders for Your 2020 Tax Return
After an unpredictable year with many changes and challenges, the IRS shared important reminders for taxpayers who are about to file their 2020 federal tax returns. Navigating these changes can …
Doctors and Clinicians Preview Period is Now Open
The Doctors and Clinicians Preview Period is officially open as of January 25, 2021 at 10 a.m. ET (7 a.m. PT). You can now preview your 2019 Quality Payment Program …
2021 Tax Filing Season Begins February 12th!
The IRS has announced that the nation’s tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns. There …
Provider Relief Fund Reporting Has Been Delayed
Today HHS announced that it is amending the reporting timeline for the Provider Relief Fund Program (PRF) due to the recent passage of the Coronavirus Response and Relief Supplemental Appropriations …
Don’t Miss Your Chance to Get a PPP Loan
Did you miss out on the first two opportunities to receive your tax-free Paycheck Protection Program (PPP) cash? Many did miss out. Why? One reason: the word “loan.” Who wants …
Is Your Home Office Tax-Deductible?
Question. If you have an office outside your personal home—say, downtown—can you have a tax-deductible office inside your home for the same trade or business? Answer. Yes. Q. Who says …