Author Archives: admin

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Nonfilers have until Nov. 21 to apply for economic impact payment

Category:Uncategorized

The IRS announced that it was extending the deadline from Oct. 15 to Nov. 21 at midnight for certain individuals to enter their information on the Non-Filers: Enter Payment Info Here tool on the IRS website to receive the $1,200 stimulus payment due to individual taxpayers.
Source: JOA News
Read More here – Nonfilers have until Nov. 21 to apply for economic impact payment


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PPP borrowers, lenders get change-in-ownership guidance from SBA

Category:Uncategorized

The US SBA issued a procedural notice designed to help PPP borrowers and their lenders understand their responsibilities when a borrower undergoes a change in ownership.
Source: JOA News
Read More here – PPP borrowers, lenders get change-in-ownership guidance from SBA


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Health coverage reporting deadline extended

Category:Uncategorized

The IRS extended the due date for furnishing Form 1095-B and 1095-C health care coverage information returns to individuals from Jan. 31, 2021, to March 2, 2021. The date for filing them with IRS has not been extended.
Source: Tax News
Read More here – Health coverage reporting deadline extended


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Health coverage reporting deadline extended

Category:Uncategorized

The IRS extended the due date for furnishing Form 1095-B and 1095-C health care coverage information returns to individuals from Jan. 31, 2021, to March 2, 2021. The date for filing them with IRS has not been extended.
Source: JOA News
Read More here – Health coverage reporting deadline extended


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ABLE account final rules provide wide-ranging guidance

Category:Uncategorized

Eligible individuals with disabilities received guidance from the IRS on the rules regarding ABLE accounts. Tax-favored ABLE accounts allow eligible individuals to save money to meet qualified disability expenses.
Source: Tax News
Read More here – ABLE account final rules provide wide-ranging guidance


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ABLE account final rules provide wide-ranging guidance

Category:Uncategorized

Eligible individuals with disabilities received guidance from the IRS on the rules regarding ABLE accounts. Tax-favored ABLE accounts allow eligible individuals to save money to meet qualified disability expenses.
Source: JOA News
Read More here – ABLE account final rules provide wide-ranging guidance


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IRS releases final rules on business meals and entertainment

Category:Uncategorized

The IRS finalized rules implementing provisions of the law known as the Tax Cuts and Jobs Act, disallowing deductions for most business entertainment expenses and distinguishing them from business food and beverage expenses that remain deductible.
Source: Tax News
Read More here – IRS releases final rules on business meals and entertainment


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IRS releases final rules on business meals and entertainment

Category:Uncategorized

The IRS finalized rules implementing provisions of the law known as the Tax Cuts and Jobs Act, P.L. 115-97, disallowing deductions for most business entertainment expenses and distinguishing them from business food and beverage expenses that remain deductible.
Source: JOA News
Read More here – IRS releases final rules on business meals and entertainment


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Employers get guidance on income tax withholding from wages

Category:Uncategorized

The IRS issued final regulations providing guidance on withholding federal income tax from employees’ wages under changes enacted in the Tax Cuts and Jobs Act.
Source: Tax News
Read More here – Employers get guidance on income tax withholding from wages


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Employers get guidance on income tax withholding from wages

Category:Uncategorized

The IRS issued final regulations providing guidance on withholding federal income tax from employees’ wages under changes enacted in the Tax Cuts and Jobs Act.
Source: JOA News
Read More here – Employers get guidance on income tax withholding from wages