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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 […]

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

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 […]

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