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The House passed a $1.9 trillion COVID-19 relief package early Saturday that includes $1,400 stimulus checks to individuals, an extension of unemployment benefits, and tens of billions in aid for small businesses and not-for-profits. Continue Reading
The $1.9 trillion stimulus plan passed by the House of Representatives early Saturday contains many tax provisions, including a new round of economic impact payments, a tax credit for COBRA continuation coverage, and the expansion of several other tax credits. Continue Reading
State and local governments are permitted to establish Sec. 457 government retirement plans but usually not Sec. 401(k) plans. Find out differences between the two, including rules on early distributions. Continue Reading
The IRS today reminds businesses of their responsibility to file Form 8300, Report of Cash Payments Over $10,000, and encourages e-filing to help them file accurate, complete forms. Continue Reading
Corporations are starting to buy digital assets like Bitcoin to bolster their treasuries, but the volatility in prices could put a dent in their balance sheet. Continue Reading
Corporations are starting to buy digital assets like Bitcoin to bolster their treasuries, but the volatility in prices could put a dent in their balance sheet. Continue Reading
The Department of Revenue reminds business owners that businesses with commercial activity in excess of $1 million in 2020 must file a CAT return by April 15. Continue Reading
Read the latest posts from the IRS executive column, “A Closer Look.” Continue Reading
Members of military and their families who have income below $72,000 may choose from any of the Free File tax software companies to help them prepare their tax returns online. Continue Reading