April 2020

An expanded quarterly employer income tax return draft for 2020, with 23 new data entry fields to allow additional reporting for three payroll credits related to the coronavirus outbreak, was released on April 29 by the Internal Revenue…

The Internal Revenue Service requires that most interest payments be reported on Tax Form 1099-INT by the person or entity making the payments. Most often this is a bank, other financial institution, or government agency. If you receive a!-->…

Companies and their advisors are eyeing IRS guidelines and overlooked tax code items to boost their cash flow during the economic downturn.The coronavirus pandemic has companies scrambling for cash in an effort to stay afloat and avoid mass…

For more information on the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, the second coronavirus relief program signed on December 27, 2020, please visit the blog "New Coronavirus Relief Program: What is this!-->…

The Coronavirus Aid, Relief and Economic Security Act (CARES Act) was enacted on March 27, 2020 and, among other relief provisions, amends the Internal Revenue Code to provide relief to businesses and individuals. Some of these relief…