If in 2021 your business paid to anyone in the US least $600 of nonemployee compensation (fees, commissions, awards or other form of...

Many states still seem to grapple with the latest federal changes to the treatment of the PPP loans and business expenses paid for with...

The IRS announced that it postponed the 15th of April deadline for individuals to Monday 17 May. Please note that all other filers, e.g....

On 6 January 2021 the IRS issued revised guidance that reverses its previous position that the business expenses paid for with the PPP...

Due to Covid-19 most federal and state tax filing and payment deadlines were postponed to July 15, 2020. If you need more time to file...

The House and Senate have approved the Paycheck Protection Program Flexibility Act of 2020 which amends key provisions of the Paycheck...

Under the CARES Act, businesses can apply a five-year carryback for losses incurred from 2018, 2019 and 2020. The intent of these changes...

The IRS has published Notice 2020-32 to address the US tax treatment of the PPP established by the CARES Act. Under the PPP, an eligible...

The recently passed CARES Act (the Act) provides a number of stimulus provisions for US taxpayers. Some notable tax provisions for...

The IRS has published and continues to update its special section to provide taxpayer guidance on CORONAVIRUS tax relief. Among the...

Partnerships generating US effectively connected income (ECI) must report and withhold US tax on that income allocable to non-US...

US partnerships with December 31st year-ends must file their US partnership returns Form 1065 by Monday, 16 March 2020. For those who...

File your 2019 Forms 1099-MISC on or before January 31, 2020, if you are reporting non-employee compensation.