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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President Trump Signs Four Executive Orders
Congress has yet to come together on a new stimulus package as they continue to try to find common ground […]
House HEROES Act vs. Senate HEALS Act Ready for Debate
Late Monday, the Senate, in consultation with the White House, put forth the HEALS (Health, Economic Assistance, Liability protection, and […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]