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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 […]

Posted By Tonneson
In COVID-19 Updates, Individual Tax
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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 […]

August 11, 2020Posted By Tonneson

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 […]

July 28, 2020Posted By Tonneson

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 […]

July 9, 2020Posted By Tonneson

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 […]

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 […]

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