Earlier this month, the IRS announced new policies designed to help taxpayers struggling due to the COVID-19 pandemic.Read more.
Due to the COVID-19 pandemic, U.S. taxpayers were given extra time to get their 2019 taxes completed this year. The IRS automatically extended the...Read more.
With the “People First Initiative” set to expire on July 15, 2020, the IRS is poised to resume a series of new audit initiatives aimed at high net...Read more.
The $2 trillion stimulus package approved by Congress to address the COVID-19 pandemic provides relief to businesses – and self-employed...Read more.
Many taxpayers, both businesses and individuals, are experiencing a decrease in income from business shutdowns and the resulting economic slowdown...Read more.
On February 19, 2020, the IRS announced a new initiative aimed at individuals and businesses with unfiled tax returns. The new initiative will...Read more.
Due to changes brought about by the Tax Cuts and Jobs Act (TCJA), the IRS has determined that S corporations and their shareholders must closely...Read more.
Are you dealing in cryptocurrency (e.g., Bitcoin), also referred to as “digital currency” or “virtual currency?” If you are, you should be...Read more.
If you receive a notice from the IRS indicating that you are being audited, don’t panic. Just because the IRS is auditing you doesn’t mean that...Read more.