Many of the changes and upheavals from last year have caused changes to your tax returns this year. Due to the COVID-19 crisis, there are plenty of new and revised provisions and important dates you will need to know about before filing your 2020 taxes this year. Here are some of the most important ones.
Don’t let your tax troubles drag you down!
Our team of experienced tax professionals is here to make sure your tax season goes off without a hitch.
Due the COVID-19 outbreak and all of the government’s efforts to curtail its spread and to prop up the economy, we have been in information overload for just about a month now. One of the government’s efforts was to pass the Families First Coronavirus Response Act which, at the government’s expense, requires employers…
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27th by President Trump, includes an unemployment assistance program for individuals who under normal circumstances would not qualify for unemployment benefits, which traditionally have only applied to employees.
On March 12th, the U.S. Department of Labor released updated eligibility criteria for unemployment insurance (UI) programs to include people that have become unemployed as a direct result of the Coronavirus outbreak.
The COVID-19 epidemic has created situations where employees are not able to work because they tested positive for the virus or have been quarantined after coming in contact with someone who has tested positive. It has also caused parents to miss work because their children’s school has closed due to the outbreak and…
The IRS has postponed the due date for filing Federal income tax returns and tax payments due on April 15, 2020 until July 15, 2020. Below are the specifics of those postponements….
If you’re a small business owner suffering financially due to the COVID-19 outbreak, you may qualify for new small business disaster loans….
After extending the due date for 2019 tax payments by 90 days, the Treasury has announced the tax filing deadline will also be delayed to July 15, 2020….
Treasury Secretary Steven Mnuchin has announced a 90-day reprieve for taxpayers to pay their income taxes owed. What does this mean for you?..