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Small businesses have truly stepped up to the challenge of turning the COVID-19 crisis from a potentially door-shuttering event to an opportunity to step up, help out, and stay afloat. Distillers have been making hand sanitizer, clothing and textile manufacturers have...
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If you heard that the IRS is hitting the brakes on most collections right now, it’s true. Taxpayers who generally aren’t behind on payments may be able to hold off on paying 2019 and 2020 taxes until July 15. But not everyone’s off the hook. The following three...
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Tax regulations are changing quickly right now, and every taxpayer’s situation is unique. Please contact us directly for up-to-date and individualized guidance. About 9 out of 10 small employers are negatively impacted by the COVID-19 outbreak, with half admitting...
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The Treasury Department and IRS have officially announced the federal income tax filing and payment due date is extended from April 15, 2020, to July 15, 2020. Included in this extension are all federal taxes that are usually due on April 15, which include annual...
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The U.S. Senate unanimously passed an economic stimulus package by a vote of 96-0. Below is a brief summary of the bill, which the House of Representatives is expected to also pass. The bill offers about $2 trillion in economic relief for businesses and individuals in...
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Think dealing in cryptocurrency or on the dark web will help you hide from the IRS? Assume the IRS is still relying on its old manual processes to flag returns? Think again. The IRS is getting technically savvier while, at the same time, increasing its already high...
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