This self-study course takes a close look at how COVID-19 has changed the world of tax filing. It includes a detailed exploration of the COVID-19 disaster declaration and the related federal tax consequences. It is designed for CPAs, tax preparers, and other financial professionals with a...
In Notice 2020-23, the IRS provided relief from tax filing deadlines occurring on or after April 1, 2020, and before July 15, 2020. SeeIRS Deadline Extensions Due to Coronavirus Disease 2019for a summary of the relief in Notice 2020-23. On April 27, 2020, the IRS issued Frequently A...
Understanding the tax impact of federal covid-19 relief lawsSCHURLE, ADAM D.Bench & Bar of Minnesota
Tax relief provided for taxpayers contributing to the battle against COVID-19 May 2020: Tax Alert (English) Additional Business Sectors Eligible for Tax Incentives during COVID-19 Outbreak April 2020: 4thedition (English) Guidance for Calculation of Monthly Income Tax Installments for Fiscal Years 2...
(U.S. Vice President Mike Pence attends a press conference on the COVID-19 at the White House in Washington D.C. March 9, 2020. U.S. President Donald Trump said Monday that his administration will ask Congress to approve a possible payroll tax cut and provide "very substantial relief" ...
A provision within the federal Covid-19 relief law that prevents U.S. citizens with undocumented spouses from receiving emergency cash assistance could impose a discriminatory burden on the fundamental right of marriage, a federal court in Maryland ruled
Overall, it's a relatively well-targeted form of tax relief. Katherine Loughead senior policy analyst at the Tax Foundation Low-wage workers have been among the hardest hit during the pandemic, said Samantha Waxman, senior policy analyst at the Center on Budget and Policy Priorities. ...
BERLIN, Feb. 16 (Xinhua) -- The German government on Wednesday approved the draft of the fourth COVID-19 tax relief act that would bundle economic and social measures to cushion the impact of the pandemic. Rewarding the "special efforts of care workers during the pandemic," employees in the...
Many taxpayers are feeling the impact of the COVID-19 pandemic on their everyday lives. But thanks to a number of changes to the tax laws, you could see some tax relief when you file your taxes.
Last Chance for Recovery Rebate Credit By Jaclyn Barkow, DBA, EA, CPA Taxpayers, who have yet to receive their Economic Impact Payments from COVID-19 relief efforts, are running out of time to do so. Originally, the Economic Impact Paym... March 7, 2024 2:52 am Something Does Not Seem...