April 5, 2021
The IRS recently issued guidance for employers claiming the Employee Retention Credit under the Coronavirus Aid, Relief, and Economic Security Act modified by the Taxpayer Certainty and Disaster Tax Relief Act of 2020.
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April 2, 2021
On March 31, 60 Congressional Representatives signed on to a letter, led by Representative Lloyd Smucker, requesting IRS Commissioner Rettig extend the federal tax filing deadline for first quarter estimated tax payments to May 17, 2021.
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April 1, 2021
The IRS recently announced it will take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent changes made by the American Rescue Plan.
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March 30, 2021
The IRS recently issued Notice 2021-21 providing details on its postponement of the April 15 tax deadline for individuals to May 17, 2021.
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March 26, 2021
The IRS recently issued Announcement 2021-7 clarifying that purchases of personal protective equipment for the primary purpose of preventing the spread of coronavirus are deductible medical expenses.
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March 19, 2021
After the IRS announced the postponement of the tax deadline for all individual tax returns for the 2021 tax season from April 15 to May 17, many CPAs across the country voiced their disappointment that the relief excluded estimated tax payments that remained due on April 15.
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March 12, 2021
The IRS Wage & Investment Division recently apologized for processing delays and stated they are currently working to reduce their Centralized Authorization File inventory.
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March 2, 2021
The IRS recently issued Notice 2021-20, providing guidance for employers claiming the employee retention credit under the CARES Act, as modified by the Taxpayer Certainty and Disaster Tax Relief Act of 2020, for calendar quarters in 2020.
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February 18, 2021
The IRS recently released Notice 2021-15, allowing greater flexibility to employee benefit plans offering health flexible spending arrangements or dependent care assistance programs.
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February 8, 2021
The IRS recently posted updated FAQs about recent legislation that extended and amended tax relief to certain small- and mid-sized employers under the Families First Coronavirus Response Act.
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