Tax & Accounting Blog
Tax & Accounting Blog
1975
Wolters Kluwer Tax & Accounting reviews CARES Act correction to treatment of Qualified Improvement Property A known error in the legislative language of the Tax…
read more
Individuals can take advantage of extended deadlines to enroll in health insurance plans or elect and pay for COBRA insurance continuation coverage. These extensions are…
read more
New options offered in response to Covid-19 Wolters Kluwer Tax & Accounting is now providing analysis and insights regarding the new mid-year employee health benefit…
read more
Taxpayers may now use a five-year carryback for net operating losses (NOLs) arising in tax years beginning in 2018, 2019, and 2020, compliments of the…
read more
One of the more beneficial features of the Coronavirus Aid, Relief, and Economic Security (CARES) Act for retirees is the waiver of required minimum distributions…
read more
Final regulations on IRC §267A disallow the deduction of hybrid payments when a related party uses a participation redemption or dividends received deduction (DRD). Generally,…
read more
Payments that businesses make to independent contractors and self-employed workers are not payroll expenses that qualify for Paycheck Protection Program (PPP) loans. However, independent contractors…
read more
Practitioners and taxpayers had a multitude of questions about eligibility for Paycheck Protection Program (PPP) loans. Those receiving the loans now have questions about loan…
read more
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes a welcomed technical correction that assigns a 15-year recovery period to qualified improvement property…
read more
Congress has provided two avenues for using IRA and 401(k) assets to get cash during the Coronavirus Covid-19 emergency. Under the Coronavirus Aid, Relief, and…
read more