by admin my_tax | Oct 30, 2020 | Tax Tips and News
The Internal Revenue Service is making good on its pledge to provide information and assistance to underserved communities. The agency has now made two publications that are key to tax professionals available in Spanish. Publication 947, Practice Before the IRS and...
by admin my_tax | Oct 29, 2020 | Tax Tips and News
The Internal Revenue Service is continuing its push to get non-filers to register so they can receive an Economic Impact Payment or EIP. In keeping with that mission, the IRS has designated Nov. 10 as “National EIP Registration Day.” It comes just a few days ahead of...
by admin my_tax | Oct 29, 2020 | Tax Tips and News
Taxpayers trying to plan their 2021 deductible retirement plan contributions will be happy to learn that the Internal Revenue Service this week published Notice 2020-79. The IRS says the notice includes “income ranges for determining eligibility to make deductible...
by admin my_tax | Oct 28, 2020 | Tax Tips and News
The Internal Revenue Service has revealed a second settlement effort for taxpayers under audit who took part in abusive micro-captive insurance transactions. This is the second such settlement offer to go out from the IRS. This second offer, however, puts forth...
by admin my_tax | Oct 27, 2020 | Tax Tips and News
The Treasury Department last week announced that the Small Business Administration is making it easier to request Paycheck Protection Program (PPP) loan forgiveness for loans that are $50,000 or less. What is the Paycheck Protection Program? The Paycheck...
