The IRS Will Delay the 2021 Income Tax Filing Deadline to Mid-May
The Internal Revenue Service is extending the tax deadline by a month. According to a breaking news story from USA Today: “While the IRS has not confirmed the date yet, …
PPP Loan Recipients: Take Advantage of the Employee Retention Credit Retroactively!
Before the December 27, 2020, enactment of the new COVID-19 relief law, you may have chosen the Paycheck Protection Program (PPP) loan and given no thought to the employee retention …
Educators: Out-of-Pocket Expenses for COVID-19 Protective Items are Tax Deductible
Eligible educators can now deduct unreimbursed expenses for COVID-19 protective items to stop the spread of COVID-19 in the classroom. COVID-19 protective items include, but are not limited to: face …
Important Updates and Reminders for Your 2020 Tax Return
After an unpredictable year with many changes and challenges, the IRS shared important reminders for taxpayers who are about to file their 2020 federal tax returns. Navigating these changes can …
2021 Tax Filing Season Begins February 12th!
The IRS has announced that the nation’s tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns. There …