Right now, your highest priority is the health of those you love and yourself. If you have time to read about some non-medical but important matters related to the health crisis, however, here is a summary of ` already taken and federal tax legislation already enacted to ease tax compliance burdens and economic pain caused by [...]
This article was published by the IRS. The U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) have announced that small and mid-size employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to [...]
As part of its coronavirus response, the federal government has announced a 90-day grace period, changing the tax deadline to July 15, 2020. We are awaiting IRS regulations to be issued providing more details regarding this grace period. The U.S. Treasury will give tax filers 90 extra days to pay income taxes due on up to [...]
This video was published by the IRS. Do you own a vacation home you sometimes rent to others? If so, there are rules on recording your rental income and expenses. For example, if you rent out your vacation home only for a short time - fewer than 15 days a year - you may not [...]
The following article was published by the IRS. The Internal Revenue Service recently launched a new Gig Economy Tax Center on IRS.gov to help people in this growing area meet their tax obligations through more streamlined information. "The IRS developed this online center to help taxpayers in this emerging segment of the economy," said IRS Commissioner [...]
