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IRS Announces Emergency Tax Relief for COVID-19
Please see the most recent update regarding the IRS Extended Tax Payment Deadline Notice. On March 18, 2020, the Internal Revenue Service released Notice 2020-17, providing information and guidance to taxpayers as the United States addresses the global COVID-19 (Wuhan coronavirus) pandemic.
Q1 2020 Tax Headlines For Business Owners
As Ben Franklin said, “In this world, nothing can be said to be certain, except death and taxes.” As the tax laws continue to evolve, you can’t even be certain about taxes anymore. Read on for a roundup of five tax headlines that taxpayers should know about in the new year.
Confused About New Meals & Entertainment Expense Rules?
The 2017 Tax Cuts and Jobs Act (TCJA) made significant changes to business provisions that affect a company’s ability to deduct meals and entertainment (M&E) expenses.
Q4 2019 Tax Headlines For Business Owners
While some people may not think that tax and accounting topics make for exciting headlines–we do! Here’s a quick round up of five tax-related headlines that impact many business owners heading into Q4.
New Regulations Help Clarify Qualified Opportunity Zones
The IRS released new proposed regulations for Qualified Opportunity Zones on April 17, 2019. The new regulations seek to clarify the vague statutory language of Internal Revenue Code Section 1400Z-1 and 1400Z-2, outlining the tax benefits of Qualified Opportunity Zones.
Is Your Tax Return Vulnerable to Identity Theft?
The damaging impact of identity theft can be devastating and long-lasting. When we send off our tax returns to the IRS we assume our information is safe. But did you know that the simple act of filing your tax return could put you at risk for identify theft?