IRS Extends 2020 Income Tax Filing and Payment Deadline
The individual tax filing deadline has been extended from April 15, 2021, to May 17, 2021.
Important Tax Changes in the New COVID Relief Law for Individuals
Learn about the latest tax changes for individuals introduced in the recently passed American Rescue Plan Act of 2021.
IRS Delays Start of 2020 Tax Filing Season
To help process economic impact payments, the filing start date is delayed by two weeks to February 12.
Stimulus Package Relief for Small Businesses
Learn about the important provisions included in the new stimulus bill (Consolidated Appropriations Act of 2021) that are designed to help small businesses.
IRS Eases Enforcement Efforts During Coronavirus Pandemic
March 26, 2021. The Internal Revenue Service has unveiled its People First Initiative—a sweeping series of steps designed to make life easier on people facing tax issues during the coronavirus (COVID-19) crisis.
IRS Announces Standard Mileage Rate for 2020
January 01, 2020. The Internal Revenue Service announced the 2020 optional standard mileage rate for calculating the deductible costs of operating an automobile for business purposes.
Social Security and SSI Disability Benefit Amounts and COLA for 2020
January 1, 2020. The Social Security Administration announced a 1.6% increase in Social Security and Supplemental Security Income (SSI) benefits for 2020.
California Passes Gig-Worker Law, Assembly Bill No. 5 (AB5)
September 10, 2019. The California Legislature has passed a new law that dramatically changes the rules employers must use to determine whether workers are employees or independent contractors (IC).
Do Landlords Need to File Form 1099-MISC?
January 18, 2019. All landlords should file Form 1099-MISC to qualify for important tax benefits including the 20% pass-through deduction.
Landlords Must Be In Business to Claim the 20% Pass-Through Tax Deduction
January 18, 2019. Learn about the new IRS safe harbor for landlords trying to establish that their rental activity is a business activity.
IRS Announces Standard Mileage Rate for 2019
January 01, 2019. The Internal Revenue Service announced the 2019 optional standard mileage rate for calculating the deductible costs of operating an automobile for business purposes.
IRS Clarifies 50% Business Meal Deduction Under TCJA
October 8, 2018. The IRS has clarified that the tax deduction for business-related meals has not been eliminated by the TCJA.
Supreme Court Case Changes Internet Sales Tax Rules
June 21, 2018. In its South Dakota v. Wayfair Inc. decision, the United States Supreme Court fundamentally changed the rules for collection of sales tax by Internet-based retailers.
Social Security and SSI Disability Benefit Amounts and COLA for 2018
January 1, 2018. The Social Security Administration has announced a 2% increase in Social Security and Supplemental Security Income (SSI) benefits.