The IRS Will Delay the 2021 Income Tax Filing Deadline to Mid-May
The Internal Revenue Service is extending the tax deadline by a month. According to a breaking news story from USA Today: “While the IRS has not confirmed the date yet, …
The Internal Revenue Service is extending the tax deadline by a month. According to a breaking news story from USA Today: “While the IRS has not confirmed the date yet, …
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 …
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 …
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 …
The Internal Revenue Service and the Treasury Department will begin delivering a second round of Economic Impact Payments as part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 …
The IRS has issued new guidance on tax liability for PPP loan recipients. According to the new guidance, taxpayers cannot claim a deduction for any otherwise deductible expense if the …
From the IRS: “The Internal Revenue Service today reminded people who don’t normally file tax returns that they have until Nov. 21 at 3 p.m. Eastern time to register for …
Due to the ongoing pandemic, the IRS reviewed its collection activities to see how it could provide relief for taxpayers who owe taxes but are struggling financially because of 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 …