This article was published by the IRS. The Internal Revenue Service recently announced a number of changes designed to help struggling taxpayers impacted by COVID-19 more easily settle their tax debts with the IRS. The IRS assessed its collection activities to see how it could apply relief for taxpayers who owe but are struggling financially because [...]
Heather appeared again in last week’s Tuesday episode (March 3, 2021) of the Town of Plymouth’s “COVID-19 Daily Update” to talk about the Massachusetts issue of PPP loan forgiveness currently differing based on business entity type. Federally, any PPP loan that is forgiven will not be viewed as income. However, Massachusetts currently has a split decision [...]
This article was published by the IRS. The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, [...]
This article was published by the IRS. When people get ready to file their federal tax return, there are new things to consider when it comes to which credits to claim and what deductions to take. These things can affect the size of any refund the taxpayer may receive. Here are some new key things people [...]
Heather appeared again in this week’s Tuesday episode (December 22, 2020) of the Town of Plymouth’s “COVID-19 Daily Update” to explain the ramifications of the new COVID-19 relief bill passed by Congress earlier this week. (UPDATE: President Trump has since asked Congress to review certain aspects of the bill before he will sign it into law.) [...]
