COVID-19: Expanded Federal tax filing and payment relief The Treasury Department and IRS announced that Notice 2020-23 (PDF) extends additional key tax deadlines. The extensions generally now apply to all taxpayers that have a filing or payment deadline falling on…
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COVID-19: Key individual tax provisions We know your highest priority is your health and that of those you love. If you have time to read about some non-medical but important matters related to the health crisis, here is a summary…
COVID-19: Key business tax provisions We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19. Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to…
Cash payments and tax relief for individuals in new law A new law signed by President Trump on March 27 provides a variety of tax and financial relief measures to help Americans during the coronavirus (COVID-19) pandemic. This article explains…
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The new COVID-19 law provides businesses with more relief On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers. Here are some of the tax-related provisions in the Coronavirus Aid,…
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As the situation with COVID-19 continues to evolve our goal as consultants and tax advisors is to help you stay up to date with the tax and small business relief offered and to make the process of filing and paying…
Individuals get coronavirus (COVID-19) tax and other relief Taxpayers now have more time to file their tax returns and pay any tax owed because of the coronavirus (COVID-19) pandemic. The Treasury Department and IRS announced that the federal income tax…
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Coronavirus (COVID-19): Tax relief for small businesses Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately, Congress recently passed a law that provides at least some relief. In a separate development, the IRS has issued guidance allowing…
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Many business owners ask: How can I avoid an IRS audit? Many business owners ask: How can I avoid an IRS audit? The good news is that the odds against being audited are in your favor. In fiscal year 2018, the IRS audited…
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Inheriting property? Be aware of the basis consistency rules If you’re in line to inherit property from a parent or other loved one, it’s critical to understand the basis consistency rules. Current tax law, passed in 2015, provides that the…
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