The Families First Coronavirus response Act was signed into law on March 18, 2020. The benefits were available on April 1, 2020 and continue through December 31, 2020. The FFCR A provides employees of small businesses with guaranteed sick pay and/or family leave pay fo...

While all the chatter is about the stimulus payments and the loan programs available for the small business owner there were also many tax provisions that were included in the CARES Act:

  • Special rules for retirement funds: If you take money out of a qualified retire...

As a result of the legislation related to COVID-19, there are two available loan programs. This is not a comprehensive review and small businesses should check the SBA.gov website for more information on the Economic Injury Disaster Loan (EIDL) program or their local S...

One of the major provisions of the Tax Cuts and Jobs Act was the creation of a new deduction (Code Section 199A) for business owners operating as a sole proprietor, as a shareholder in an S Corporation or a partner in a partnership venture. This new deduction also exte...

You should probably take one very important estate planning action as soon as you finish reading this.

Check the beneficiary designations for your:

  • bank accounts,

  • brokerage firm accounts,

  • tax-favored retirement accounts,

  • company benefit plans,

  • lif...

The Taxpayer First Act of 2019 (TFA) was signed into law on July 1, 2019. The focus of the bill is to enact changes in the IRS’s organizational structure which includes customer service, enforcement procedures, management of information technology, and improving intera...

The new Tax Withholding Estimator, launched last month on IRS.gov, includes user-friendly features designed to help retirees quickly and easily figure the right amount of tax to be taken out of their pension payments.

The mobile-friendly estimator replaces the Withholdi...

The IRS offers several payment options where taxpayers can pay immediately or arrange to pay in installments. Taxpayers can pay online, by phone, or with their mobile device and the IRS2Go app. Taxpayers should pay in full whenever possible to avoid interest and penalt...

Kicking off the annual “Dirty Dozen” list of tax scams, the Internal Revenue Service is reminding taxpayers of the ongoing threat of internet phishing scams that lead to tax-related fraud and identity theft.

The IRS warns taxpayers, businesses and tax professionals to b...

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Our Recent Posts

The Families First Coronavirus response Act was signed into law on March 18, 2020. The benefits were available on April 1, 2020 and continue through D...

FAMILIES FIRST CORONAVIRUS RESPONSE ACT (FFCRA)

May 28, 2020

IRS On-Line Tool Helps Non-Filers Apply For Economic Impact Payments

April 15, 2020

The IRS has announced that Social Security recipients will automatically receive economic impact payments.

Those receiving Social Security benefits w...

Update: Stimulus Payments and Social Security

April 2, 2020

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