Apr 7, 2020
The federal government has approved the release of small business loans for those affected by the coronavirus pandemic. Nearly $350 billion in loans will be administered by the SBA, including Small Business Interruption Loans for businesses with 500 or fewer...
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Mar 31, 2020
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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Mar 27, 2020
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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Mar 24, 2020
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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Mar 17, 2020
Going back to school? Want to help with a family member’s education expenses? Each one of these non-traditional learning routes can come with tax benefits. For your career: Ready to hit the books again? It’s a great way to upskill or refresh your expertise. There are...
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Mar 10, 2020
The IRS is stepping up scrutiny of partnerships and is requesting more information concerning partnership arrangements going forward. For the most part, capital basis reporting requirements encompass the most significant changes, with the bulk of those being enforced...
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