Keep up with the latest news in the world of accounting and finance.
Final IRS regulations have been issued on the federal income tax withholding for certain periodic retirement and annuity payments. The […]
The CARES Act made changes to excess business losses that affect those who hold an interest in a business (or […]
Final guidance is available for decedent’s estates and non-grantor trusts on the treatment of certain deductions. The Tax Cuts and […]
Here are a few key tax-related deadlines for businesses and other employers during Quarter 4 of 2020. OCT. 15: If […]
The net operating loss (NOL) deduction is currently: 1) the total of the NOLs arising before 1/1/18 that are carried […]
On July 4, President Trump signed a bill that gives businesses more time to seek federally backed loans. It extends […]
The IRS has issued final regulations regarding the qualified business income (QBI) deduction. The regs provide guidance on the treatment […]
Generally, taxpayers who take distributions from tax-favored retirement accounts before age 59½ must pay a 10% tax penalty. They must […]
The CARES Act allows qualified people to take “coronavirus-related distributions” from retirement plans without paying tax. So how do you […]
The Small Business Administration (SBA) continues to help businesses recover from the effects of the COVID-19 crisis. Taxpayers can apply […]
Valuable tax credits are available to employers to help mitigate the effects of the COVID-19 pandemic. But amid the chaos […]