Coronavirus Resource Hub
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The IRS will resume mailing balance-due notices to taxpayers later this month. The 500 series balance-due notices were suspended temporarily in May because of a…
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The IRS is ending the temporary procedures to fax Forms 1045 and 1139 for claiming tentative tax refunds on December 31, 2020. The temporary procedures…
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Small businesses with Paycheck Protection Program (PPP) loans of $50,000 or less can apply for forgiveness using a new, simplified application. The US Small Business…
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The IRS extended the deadline for non-filers to register for an Economic Impact Payment (EIP) to November 21, 2020. The original deadline was October 15,…
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The IRS has released a draft of Form 7202, Credits for Sick Leave and Family Leave for Certain Self-Employed Individuals, for self-employed individuals claiming qualified…
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Remote audit procedures can help protect the parties from health risks during the COVID-19 pandemic as well as streamline the audit process. Though, seeing people…
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The final version of the second quarter Form 941-X, Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund, has been released by the IRS.…
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The deadline for partnerships, that are subject to the Bipartisan Budget Act of 2015 (BBA)’s centralized partnership audit procedures, to file an amended 2018 and/or…
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The U.S. Department of Labor (DOL) issued new regulations on the paid sick leave as well as the family and medical leave provisions of the…
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The COVID-19 pandemic has changed our lives in many ways, and some of the changes have tax implications. Working from home or collecting unemployment are…
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