Coronavirus Resource Hub

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Navigating Meetings for Your Audit During COVID-19

September 30, 2020
virtual board meeting

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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IRS Released Revised Form 941-X

September 28, 2020
IRS

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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Deadline Approaching to Amend 2018 and 2019 Partnership Tax Returns

September 24, 2020
tax advisory cpa

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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U.S. Department of Labor Revises Families First Coronavirus Response Act Regulations

September 23, 2020
ppp loan forgiveness

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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Are You Working From Home or Collecting Unemployment? Be Aware of These Tax Implications

September 21, 2020
tax implications

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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Expedited Letter Ruling Procedures for COVID-19

September 17, 2020
tax planning accountant

Taxpayers and tax practitioners impacted by the Coronavirus pandemic can request expedited letter ruling under Rev. Proc. 2020-1. The IRS normally processes requests for letter…

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Due Date Postponed for Reporting and Payment of Certain Excise Taxes

September 16, 2020
tax related actions

The IRS and Treasury Department have postponed the due dates for reporting and paying excise taxes relating to certain delayed minimum required contributions to a…

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More IRS Forms Can Be Digitally Signed

September 15, 2020
coronavirus-related scams

The IRS added six more forms to the list of documents that can be signed digitally, increasing the total to 16 forms. This temporary procedure…

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Deadline Is Approaching for Non-Filers to Claim Their Economic Impact Payments

September 14, 2020
employer tax credit

The IRS will mail letters to Americans who didn’t receive an Economic Impact Payment (EIP) and typically do not file federal income tax returns. The…

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Changes to Excess Business Losses From the CARES Act

September 3, 2020
lease accounting

The Coronavirus Aid, Relief and Economic Security (CARES) Act made changes to excess business losses. Some changes are retroactive and there may be opportunities for…

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