US House approves plan, now heads to US Senate President Joe Biden is seeking to prioritize an emergency package of relief provisions for individuals and…
The IRS released Frequently Asked Questions (FAQ) to provide temporary relief to employers who operated van pools but experienced reduced ridership due to the Coronavirus…
The Biden administration on Monday, February 22 announced changes to the payroll protection program with the goal of helping small and minority owned firms as…
Self-employed individuals may claim a refundable credit for a qualified sick leave or family leave equivalent amount if they cannot work due to COVID-19. The…
Busy tax legislation agenda follows Democrat election victories When elected, many Presidents have been quite successful in getting a substantial portion of their tax proposals…
The economic stimulus provided by the 2020 Recovery Rebate Credits is not over yet. Many eligible individuals may receive additional refunds of the credits, but…
The SBA and Treasury announced that it will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in…
Taxpayers generally cannot make late MACRS depreciation elections and revocations without IRS consent. The IRS grants permission only in extraordinary circumstances after the taxpayer files…