The IRS extended the deadline for individual taxpayers to file and pay taxes to May 17, 2021 in Notice 2021-21.…
Businesses can now claim a 100% deduction on restaurant meals through the end of 2022, the IRS announced. The IRS…
The Internal Revenue Service (“IRS”) announced late yesterday that the federal income tax filing due date for individuals for the…
The Internal Revenue Service is planning to delay the April 15 tax filing deadline as it grapples with a massive…
A little less than a month ago, the IRS reversed its original position, and stated that businesses can deduct expenses…
Businesses can now deduct expenses paid for with the proceeds of a forgiven Paycheck Protection Program (PPP) loan. The IRS,…
Late Monday, Congress passed a $900 billion COVID-19 relief bill that includes a provision that allows business owners to claim…
Yesterday, the U.S. Treasury Department and Internal Revenue Service released guidance clarifying the tax treatment of expenses funded with forgiven…
Late last week, the Department of Treasury and Small Business Administration (SBA) jointly released a new loan forgiveness application for…
The IRS has reminded taxpayers who filed an extension that the October 15, 2020 due date to file their 2019…