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The final regulation includes guidance on the requirements needed for properties to qualify for the deduction.September 22
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The executive order provides "temporary relief for employers" to “pay the employee portion of Social Security payroll taxes,” confirms Republican Rep. Kevin Brady.September 11
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Trump’s order defers the payment deadline to the end of the year, though Treasury Secretary Steven Mnuchin has said company participation is optional.August 28
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Several significant changes are probably in store for next tax season.August 24
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The agency is encouraging taxpayers who have received but not yet responded to a CP-14 notice to promptly do so.August 24
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By law, these payments are taxable so clients will need to report them on their 2020 federal income tax returns.August 19
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If the court ends up making this choice, intended family members may lose out — all for want of filling out a one-page form.August 17
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The Internal Revenue Service is giving taxpayers a break if the checks they mailed in to pay their taxes still haven’t been opened up yet and are sitting in the trailers the IRS set up during the pandemic.August 17
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This may be the final chance for eligible clients to submit for the additional economic impact payments under the CARES Act this year.August 17
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The change bars money managers from using some types of business entities to take advantage of an exemption to rules laid out in the 2017 tax law.August 3
