Taxes
Latest News
An Increase in Customer Theft is Increasing Restaurant Prices
IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
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As Streaming Subscriptions Spike, So Do Tax Complexities
While it can be easy for companies to get caught up in a whirlwind of widespread adoption and increased revenue, it’s also important to keep tax liabilities top of mind. Streaming taxes are evolving in real time.
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Accounting Firm Marcum and BurgerFi Partner to Deliver 20,000 Meals to Hospital Workers
Up to 20,000 meals are planned to be distributed over a two-week period culminating with drops at select VA Hospitals throughout the U.S. caring for Covid-19 cases on Memorial Day, May 25.
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SBA Must Issue More Clear Guidance on PPP Loan Forgiveness, Say Business Groups
Policymakers need to remain focused on the PPP’s original purpose -- to ensure businesses have the financial resources necessary to keep employees paid while government-mandated stay-at-home orders remain in place.
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Why Didn’t You Receive Full IRS Coronavirus Stimulus Payment?
Some Americans may have received a payment amount different than what they expected. Payment amounts vary based on income, filing status and family size.
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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.
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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.
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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.
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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)