Deferred Decision? What We Know About the Payroll Tax Deferral
Details continue to emerge regarding the payroll tax deferral ordered by President Donald Trump on Aug. 8, 2020. The move was made to temporarily direct more money to the American [...]
Bankruptcy Rules: How the CARES Act is Helping
Most people are familiar with the CARES Act thanks to the economic stimulus payments sent to Americans nationwide. Bankruptcy laws were also temporarily adjusted—a crucial measure especially helpful to those [...]
Manufacture Tax Savings With Unsalable Inventory Write-Downs
Every manufacturer deals with unsalable inventory or inventory whose fair market value as fallen below cost. It can take the form of defective products, obsolete products, a surplus of finished [...]
CARES Act Tax Changes for Real Estate
Alongside numerous provisions for corporations and small businesses, the Coronavirus Aid, Relief, and Economic Security (CARES) Act brings about several key changes for taxpayers operating in the real estate sector. [...]
Nonprofit Deadline Extensions for Form 990 and Federal Single Audits
Some nonprofits are getting a welcome reprieve in deadline extensions for their Form 990 and federal single audit reports. IRS Form 990 and Similar Forms The Internal Revenue Service (IRS) [...]
CARES Act Tax Relief: Three Provisions to Look at NOW
The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes dozens of subsections and countless provisions. While it covers an immense range of relief options, the CARES Act tax relief [...]