taxes, Update

An Update from the Front Lines

The IRS has a page they keep updated and I just found this update from last Friday. I know we have several clients who have found themselves in this situation. Filed an Individual Tax Return  (Form 1040) for tax year 2019 or tax year 2020, a Business Tax Return or an Amended Return (updated April 30, 2021) The IRS…

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CARES Act, Funding, Giving, ppp, sba, Small Business, taxes, Update, Withholding

Rundown of New Provisions

Here is a quick rundown of the top 3 individual and business tax provisions in the COVID-Related Tax Relief Act of 2020 (part of the Consolidated Appropriations Act, 2021). Individual Provisions                 Economic Impact Payments – You may have already received a pending notification regarding your “second stimulus.” Please note, currently the law only allows $600 per taxpayer, spouse, and…

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