Frequently asked tax questions related to COVID-19

Frequently asked tax questions related to COVID-19 The coronavirus (COVID-19) pandemic has affected many Americans’ finances. Here are some answers to questions you may have right now. My employer closed the office and I’m working from home. Can I deduct…

COVID-19: Expanded Federal tax filing and payment relief

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…

Cash payments and tax relief for individuals in new law

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…

The new COVID-19 law provides businesses with more relief

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,…

Individuals get coronavirus (COVID-19) tax and other relief

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…

Coronavirus (COVID-19): Tax relief for small businesses

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…