by | Oct 6, 2020 | Tax Tips and News
As we’ve mentioned before, the Internal Revenue Service has been fighting abusive tax shelters that use syndicated conservation easements as their main vehicle. More details have now been released on how their prosecution may unfold. The IRS Chief Counsel has released...
by | Oct 2, 2020 | Tax Tips and News
The Internal Revenue Service closed out September by announcing the publication of final regulations for the business-related entertainment deductions that were removed from section 274 by the Tax Cuts and Jobs Act. Corporations celebrated the new 21 percent tax rate...
by | Oct 1, 2020 | Tax Tips and News
Final regulations for the default rate of individual income withholding for certain periodic retirement and annuity payments that are made in 2021 are now available. The Internal Revenue Service announced the document’s publication this week, adding to the growing...
by | Sep 29, 2020 | Tax Tips and News
Taxpayers affected by Hurricane Sally have been given tax relief by the Internal Revenue Service. They now have until Jan. 15, 2021 to file various individual and business returns and make payment of tax due. The IRS is offering the relief to areas designated...
by | Sep 26, 2020 | Tax Tips and News
The pandemic has affected everything in American life, even National Small Business Week. This year, the Internal Revenue Service spent all three days of the event highlighting online resources that can help small businesses dealing with coronavirus-related...
by | Sep 25, 2020 | Tax Tips and News
The American Institute of CPAs is adding its voice to others calling for an expansion of the Paycheck Protection Program (PPP) and seeks to extend the program’s lifespan. The PPP provides critical relief for small business hard-it by the COVID-19 pandemic. “From the...
