The IRS Resumes Sending 500 Series Balance Due Notices
From irs.gov: The IRS will resume issuing the 500 series balance due notices to taxpayers later in October. These notices were paused on May 9 due to COVID-19. Although the …
From irs.gov: The IRS will resume issuing the 500 series balance due notices to taxpayers later in October. These notices were paused on May 9 due to COVID-19. Although the …
The IRS has determined that daily fantasy sports are games of chance, not games of skill. Consequently, entry fees represent wagers, and are deductible under Section 165(d). This decision will …
For the first time, the IRS is adding barcode technology to notices sent to millions of taxpayers. Starting this month, the CP14 and CP14 IA notices that inform taxpayers that …
From irs.gov: The Internal Revenue Service announced that the deadline to register for an Economic Impact Payment (EIP) is now November 21, 2020. This new date will provide an additional …
Last December, the imaginatively named Setting Every Community Up for Retirement Enhancement (SECURE) Act became law. The SECURE Act was intended mainly to expand opportunities for individuals to increase their …
During this COVID-19 pandemic, landlords have two big possible problems: Tenants who can’t pay the rent. Tax losses they can’t deduct. We’ll start with the tenants and then move on …
In mid-August interest payments were sent to nearly 14 million individual taxpayers. People who got these payments filed their 2019 federal income tax returns by the July 15 deadline and …
President Trump issued several executive orders to provide relief to Americans while Congress is gridlocked over the next stimulus package. In addition to orders that addressed unemployment benefits, eviction moratoriums …
As part of its response to COVID-19, the IRS has postponed several tax deadlines until Wednesday, July 15, 2020. These postponements generally apply to all taxpayers with a filing or …
The IRS has updated several questions and answers regarding the Paycheck Protection Program (PPP). Click here to access the IRS’ website for coronavirus tax relief and economic impact payments. The …