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IRS to Examine High Income Taxpayers; AICPA Asks for Waiver of Penalties for 2019 Returns

The IRS has announced two initiatives for the remainder of 2020, both of which target high income earners. The IRS […]

Posted By Tonneson
In Business Tax, COVID-19 Updates, Individual Tax
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July 1, 2020Posted By Tonneson

Latest News from IRS, Treasury and Congress

The IRS and Treasury have announced that they do not intend to extend the July 15, 2020 filing deadline further. […]

June 15, 2020Posted By Tonneson

IRS Statement on Balance Due Notices

The IRS issued a IRS Statement on Balance Due Notices to taxpayers on Friday, June 12, to warn them that […]

May 16, 2020Posted By Tonneson

House Approves Second Stimulus Package

On May 15, 2020 the House voted to approve a $3 trillion, 1800-page second stimulus package named the Health and Economic […]

May 11, 2020Posted By Tonneson

News Update on Possible Deadline Extensions

Currently almost all Federal tax returns and forms are due on July 15, 2020. As the COVID-19 pandemic continues on […]

April 22, 2020Posted By Tonneson

IRS Plus 500 Push April 22 Deadline for Economic Impact Payments

On April 15, the IRS, working in partnership with the Treasury Department and the Social Security Administration, announced that recipients […]

April 16, 2020Posted By Tonneson

IRS Launches Get My Payment Online Application

Yesterday, the IRS working with the Treasury Department launched Get My Payment, an online application with features to let taxpayers […]

April 10, 2020Posted By Tonneson

Additional deadline extensions covering individuals, trusts, estates, and corporations

To help taxpayers, the Department of Treasury and the Internal Revenue Service announced on April 9, 2020 the extension of […]

DOR Extends Tax Filing and Payment Relief for Personal Income

Today, the Massachusetts Department of Revenue (DOR) released guidance extending the April 15, 2020 deadline to July 15, 2020 for […]

March 31, 2020Posted By Tonneson

CARES Act Signed Into Law

On Friday, March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (The CARES […]

March 27, 2020Posted By Tonneson

MA State Income Tax Filing Deadline Extended to July 15

Today, Governor Charile Baker, Lt. Governor Karyn Polito, Senate President Karen Spilka and House Speaker Robert DeLeo announced an agreement […]

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