With less than two months away until the presidential election, President Donald Trump, the Republicans’ choice for another term, and Former Vice President Joe Biden, the Democratic nominee, are in the home stretch of making their cases to voters. ...

After Hurricane Laura wreaked havoc on Louisiana and parts of Texas, the Internal Revenue Service (IRS) announced that victims of the disaster now have until Dec. 31, 2020, to file business and individual tax returns as well as make tax payments. Giv...

After requests for more guidance, the Internal Revenue Service (IRS) recently issued final regulations on the base-erosion and anti-abuse tax (BEAT). These final regulations were created to finalize (with a few changes) the additional proposed regula...

COVID-19 has changed our lives in many ways, and some of the changes have tax implications. Here is basic information about two common situations. 1. Working from Home Many employees have been told not to come into their workplaces due to the pandemi...

After President Trump revealed an executive memorandum on Aug. 8, 2020, ordering employers to defer employees’ portion of payroll taxes until the end of 2020, taxpayers across the country have been left in a fog of confusion. The deferral program i...

Partnerships eligible to take advantage of the beneficial tax provisions introduced as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act have just a few more weeks to file an amended partnership return for the 2018 and 2019 tax y...

After President Trump issued an executive memorandum deferring the collection of payroll taxes during the COVID-19 crisis, many employers were left questioning how to proceed without further instruction from the Internal Revenue Service (IRS) and the...

When COVID-19 began affecting businesses across the nation earlier this year, the U.S. government quickly responded by introducing several pieces of legislation to provide some financial assistance for employers, including the Families First Coronavi...