Keep up with the latest news in the world of accounting and finance.
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 […]
On June 4, the U.S. Senate passed the Paycheck Protection Program (PPP) Flexibility Act of 2020. The president is expected […]
The IRS has issued FAQs for C corporations that are interested in carrying back net operating losses (NOLs) to years […]
The IRS has postponed deadlines for time-sensitive actions with respect to certain employment taxes, employee benefit plans, exempt organizations, IRAs, […]
In new guidance, the IRS has provided more coronavirus (COVID-19) deadline relief for employment taxes, employee benefit plan and other […]
Interim final rules on calculating loan forgiveness amounts under the Paycheck Protection Program (PPP) have been issued by the Small […]
The IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs). For calendar year 2021, the annual contribution […]
Many taxpayers with student loans have been hard hit by the economic impact of COVID-19. The CARES Act contains some […]