From the Oregon Society of Certified Public Accountants
WASHINGTON — Victims of the Oregon wildfires and straight-line winds that began on Sept. 7 now have until Jan. 15, 2021 to file various individual and business tax returns…
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Article Highlights:
October 15 extended due date for filing federal individual tax returns for 2019.
Late-filing penalty.
Interest on tax due.
Other October 15 deadlines.
Because of the COVID-19 pandemic emergency, the IRS…
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Article Highlights:
$500 Per Child Stimulus Payment
Non-Filer Tool
Those Who Have Already Used the Non-Filer Tool
Those Who Haven’t Used Non-Filer Tool
How Payment Will be Made
Get My Payment Tool
Non-Filers
The…
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Ever since the coronavirus pandemic began impacting the United States, businesses around the country have responded by instituting work-from-home policies. While it is unclear how much longer the nation will be in the grips of the crisis, social…
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To our valued clients:
The US Small Business Administration and Treasury recently issued an interim final rule clarifying Paycheck Protection Program forgiveness issues surrounding owner-employee compensation and the eligibility of rent…
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Regardless of the type of business you're running, it's safe to say that you've likely already been impacted by the ongoing COVID-19 pandemic that is making its way across the globe. With no complete end to the situation in sight, many have…
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IRS Extends the Opportunity to Defer Capital Gains
Article Highlights:
Tax Benefits
Investment Period
Qualified Opportunity Zone Funds
Qualified Opportunity Zones
Deferral Period
10 Year Election
As part of tax reform…
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As the November elections approach, you might want to know what the two front-running presidential candidates’ tax plans for the future are. The following is an overview of their positions, at least what is known now. However, the political…
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It has been more than ten years since the United States’ economy has gone through a recession, and when the National Bureau of Economic Research announced in June that we have officially entered another, it hit many Americans like a body blow.
The…
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From Michael Cohn, Editor-in-chief @ Accounting Today
The Internal Revenue Service is now letting taxpayers submit Form 1040-X electronically when they want to file an amended tax return through commercial tax software, in what the agency…
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IRS Provides Tax Relief for Victims of Oregon Wildfires
2020 Due Dates, 2020 Stimulus Package, 2020 Tax Laws, COVID-19, OregonOctober’s Extended Due Date Is Fast Approaching
2020 Due Dates, 2020 Tax LawsIndividuals Have a New Opportunity to Receive $500 Economic Impact Payments for Their Children
2020 Stimulus Package, COVID-19, Tax NewsHow States are Reshaping Nexus Laws for Remote Employees Due to COVID-19
COVID-19, Tax News, Tax Planning, Tax Tips, TaxesPPP Interim Final Ruling Summary
2020 Stimulus Package, 2020 Tax Laws, Paycheck Protection ProgramWealth Transition and Succession Planning: Best Practices for Businesses During COVID-19
COVID-19, Personal Finance, Small Business, Succession Planning, Tax PlanningIRS Extends the Opportunity to Defer Capital Gains
2020 Due Dates, 2020 Stimulus Package, 2020 Tax Laws, Capital Gains, COVID-19Compare the Potential Tax Plans of Trump v. Biden
2020 Tax Laws, COVID-19, US NewsWe’re Officially in a Recession, So Make These 5 Money Moves Now
COVID-19, Recession TipsIRS makes Form 1040-X amended tax returns available for e-filing
2020 Tax Laws, Tax News, Tax Tips