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Year-End Tax Letter 2021

Our 2021 Year-End Tax Letter outlines important guidelines for compliance with federal and state rules of taxation and reporting requirements. […]

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In Business Tax, Individual Tax
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March 18, 2021Posted By Tonneson

Federal and MA Individual Income Tax Returns Extended

The IRS and the Massachusetts DOR have both indicated that they have approved an extension of time to file the […]

March 15, 2021Posted By Tonneson

Good News for MA Pass-throughs Regarding Taxability of Forgiven PPP Loan Proceeds

On January 21, we wrote to you regarding the treatment of forgiven Paycheck Protection Program (PPP) loan proceeds for Massachusetts […]

March 11, 2021Posted By Tonneson

American Rescue Plan Act Signed Into Law

The American Rescue Plan Act (ARPA) was signed by President Biden on March 11. The tax provisions in the new […]

March 1, 2021Posted By Tonneson

American Rescue Plan Act passed by the House

On Saturday, February 27, the House passed the $1.9 Trillion American Rescue Plan Act (ARPA) of 2021 (H.R. 1319) which […]

January 21, 2021Posted By Tonneson

MA Tax Issue Regarding Forgiven PPP Loan Proceeds

We want to share some news regarding Paycheck Protection Program (PPP) forgiven loan proceeds for individual income taxes includable in […]

December 22, 2020Posted By Tonneson

More on the Consolidated Appropriations Act 2021

Earlier today we reported that the Consolidated Appropriations Act 2021, H.R. 133 was passed by Congress and is awaiting the […]

December 21, 2020Posted By Tonneson

$900 Billion Stimulus Package Includes PPP Expense Deductibility and Other Important Provisions

On Sunday evening, Congressional leaders tentatively agreed on a $900 Billion stimulus package for US taxpayers and businesses. The House […]

December 14, 2020Posted By Tonneson

IRS Offers IRS Identity Protection with Expanded Program

The Internal Revenue Service is now allowing any taxpayer who wishes to add a level of protection to their tax […]

December 10, 2020Posted By Tonneson

Year-End Tax Letter 2020

We are pleased to provide you with this 2020 year-end tax letter outlining important guidelines for compliance with federal and state […]

August 14, 2020Posted By Tonneson Staff

More Clarification Regarding the Payroll Tax Deferral

The payroll tax deferral is one of four executive orders President Trump issued on Saturday as a result of the […]

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