2020 Offseason Planning for the Lazy Tax Professional
Busy season is almost over and if you’re anything like me, you’re daydreaming about a relaxing vacation somewhere beautiful. Well, we live...
Forbes: IRS And Treasury Issue Guidance On Trump’s Payroll Tax Deferral
The Treasury Department released long-anticipated guidance on President Trump's tax holiday memorandum last week. This article linked below written by Forbes Contributor...
Forbes: Payroll Tax Cut Starts September 1
President Donald Trump issued a payroll tax holiday through an executive memorandum, that began on September 1, 2020.
Compliance Assurance Process
The Compliance Assurance Process (CAP) was developed by the Large Business and International (LB&I) Division of the IRS to improve the federal...
IRS Form 1040-X Electronic Filing
“The ability to file the Form 1040-X electronically has been an important long-term goal of the IRS e-file initiative for many years,”...
CARES Act Provides Relief for Eligible Taxpayers: Withdraw from IRAs or Workplace Retirement Plans
Individuals who are eligible for coronavirus-related relief may be able to withdraw up to $100,000 from IRAs or workplace retirement plans before Dec. 31, 2020, if...
SBA provides safe harbor for PPP loans under $2 million
Businesses that together with their affiliates accepted Paycheck Protection Program (PPP) funds of less than $2 million will be assumed to have...
Highlights of the Paid Sick Leave Credit and Family Leave Credit
What is the paid sick leave credit?
The Paid Sick Leave Credit is designed to allow businesses to get a credit for an...
SBA Extends Deadline to Repay PPP Loans to Avoid Having to Demonstrate Good Faith...
Yesterday (May 5, 2020), Ed Zollars published an article on the Current Federal Tax Development blog that there are just two days...
May 5 Deadline for SSI and VA Beneficiaries
This “SPECIAL ALERT” may not be applicable to most of your clients, but you may have a friend, family member or other...
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The Complicated Relationship of Accountants and Politics
It all boils down to one thing – how are we going to pay for that? Every law that is signed into...
Latino Tax Fest (Virtual) 2020 to take place October 27-29
Just in case you haven't heard and are looking for some year-end CPE, IRS CE credits or...
Six Reasons Tax Software Sucks
With all the change, tragedy, and frustration 2020 has brought, it also has the distinction of the longest tax season in American...