2020… Tax Considerations of a Chapter 11 Bankruptcy Filing 5 Nov 20201 Dec 2020 Chapter 11 bankruptcy is a form of bankruptcy that can be filed by businesses or individuals. Its goal is to give the filer time to reorganize and reduce their debt…
2020… Are You Withholding Taxes on Your State Unemployment Compensation? 8 Oct 20201 Dec 2020 Many people erroneously believe that state unemployment compensation is not considered taxable income, resulting in quite an unpleasant surprise at tax time when they realize their mistake. With a record…
IRS Newsroom… IRS provides tax relief for victims of California wildfires; Oct. 15 deadline, other dates extended to Dec. 15 30 Aug 202030 Aug 2020 IR-2020-191, August 24, 2020 WASHINGTON — Victims of the California wildfires that began August 14 now have until December 15, 2020 to file various individual and business tax returns and…
IRS Newsroom… IRS: 50,000 spouses to get catch-up Economic Impact Payments 30 Aug 202030 Aug 2020 IR-2020-192, August 25, 2020 WASHINGTON — The Internal Revenue Service will soon send catch-up Economic Impact Payment checks to about 50,000 individuals whose portion of the EIP was diverted to…
Newsroom IRS approves temporary use of e-signatures for certain forms 30 Aug 202030 Aug 2020 IR-2020-194, Aug. 28, 2020 WASHINGTON – To protect the health of taxpayers and tax professionals, the Internal Revenue Service today announced it will temporarily allow the use of digital signatures on certain…
Newsroom Guidance issued to implement Presidential Memorandum deferring certain employee Social Security tax withholding 30 Aug 202030 Aug 2020 IR-2020-195, August 28, 2020 WASHINGTON — The Department of Treasury and Internal Revenue Service today issued guidance implementing the Presidential Memorandum issued on Aug. 8, 2020, allowing employers to defer withholding and…
Marketing Six Fun Ideas to Bring into Your Marketing 27 Aug 20201 Dec 2020 The purpose of marketing is, in part, about creating relationships with customers and prospects. While traditional advertising is a standard way of letting prospects know more about you, it’s not…
Tax Deductions CARES Act: Charitable Giving Changes Due to COVID-19 13 Aug 20201 Dec 2020 COVID-19 has presented unique opportunities for charitable giving for the 2020 tax year, which has been addressed in the new Coronavirus Aid, Relief, and Economic Security (CARES) Act. Under the…