Taxes September 2, 2026
Tax Court Penalizes ‘Pretty Sophisticated’ Taxpayer
Depending on the situation, the IRS may have discretion to hand out some of these penalties or to cut unknowing taxpayers some slack.
May 11, 2020
IRS Sent Coronavirus Stimulus to Millions of Dead and Incarcerated Persons
The IRS has sent Coronavirus stimulus payments to deceased people by mistake. It’s unclear how many such checks have been delivered, but it’s thought to be significant, because about 2 million people in the U.S. die each year.
May 11, 2020
IRS Sees Dead People With Stimulus Checks
The IRS has discovered that it has mailed checks to deceased people by mistake. It’s unclear how many such checks have been delivered, but it’s thought to be significant, because about 2 million people in the U.S. die each year.
May 10, 2020
Tax Deadline Could be Extended to Sept. 15 (Or even Dec. 15)
Although talks within the Trump administration are still in the preliminary stage, NBC news has reported that the deadline could be postponed again to September 15—or even as late as December 15.
May 10, 2020
IRS Releases State-by-State List of Coronavirus Stimulus Payments
The Treasury Department and the IRS have released updated state-by-state figures for Economic Impact Payments, with approximately 130 million individuals receiving payments worth more than $200 billion in the program’s first four weeks. (Up through May 8)
May 7, 2020
Loan Forgiveness Rules Under the Paycheck Protection Program and Next Steps
You already play a key role in advising your clients on their taxes, so spend the extra time to advise on how to keep track of their PPP loans. Spending time on the front end setting up the recordkeeping and processes will save a lot of time in the ...
May 7, 2020
3 Tax Credits for Businesses Impacted by Covid-19
The employee retention credit is designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.
May 7, 2020
63% of Office Workers Say They Are Fine Doing Jobs At Home; 60% Enjoy No Commute
How have office workers been holding up during the coronavirus crisis? And how do they feel office life will change once workplaces reopen?
May 6, 2020
Still Waiting on Your IRS Coronavirus Stimulus Payment? Here’s Some Help
Are you still waiting for your stimulus payment due to a recent address change or no or outdated direct deposit information on file with the IRS? You may have to wait a little longer.
May 5, 2020
Most PPP Applicants Still Face Uncertainty on Loans
As the second round of funding for the Paycheck Protection Program (PPP) became available on April 27, 62 percent of PPP loan applicants were still waiting for funding or approval, according to new research from Paychex, Inc.
May 5, 2020
Some IRS Coronavirus Stimulus Payments Are Still Being Delayed
Are you still waiting for your stimulus payment due to a recent address change or no or outdated direct deposit information on file with the IRS? You may have to wait a little longer.
May 3, 2020
Businesses with Forgiven PPP Loans Will Lose Tax Deductions
Small businesses that manage to get their Paycheck Protection Program loans forgiven may find themselves losing valuable tax breaks, according to new guidance from the Internal Revenue Service.
April 30, 2020
IRS Continues Sending Out Coronavirus Stimulus Payments, Offers FAQs on Error Messages
Taxpayers should check the FAQs often for the latest additions; many common questions are answered on IRS.gov already, and more are being developed. Here are answers to some of the top questions people are asking.