by | Jul 31, 2020 | Tax Tips and News
Taxpayers can dip into Coronavirus Aid, Relief, and Economic Security Act-specified retirement accounts without suffering a penalty, according to an Internal Revenue Service press release published yesterday. This reminder comes just days after the $600 unemployment benefits included in that legislation expired.… Read more about CARES Act Allows Penalty-Free Withdrawals from Some Retirement Plans (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by | Jul 30, 2020 | Tax Tips and News
The Tax Cuts and Jobs Act (TCJA) of 2017 famously adjusted the income tax brackets and lowered the corporate tax rate to 21 percent, but the sweeping legislation contained a host of tax-related changes.… Read more about Businesses Get Final Regulations, Additional Guidance for Deducting Interest on Expenses (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by | Jul 29, 2020 | Tax Tips and News
The second week of “Working Virtually” focuses on multi-factor authentication (MFA). While included in the “Security Six” protections highlighted last week, the Summit is specifically namechecking MFA for one simple reason: It works.… Read more about Security Summit Recommends Multi-Factor Authentication (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by | Jul 28, 2020 | Tax Tips and News
The Internal Revenue Service has issued new guidance to reconcile advance payments of refundable employment tax credits and recapture the benefit of those credits when needed.… Read more about IRS Issues Guidance on Recapturing Excess Employment Tax Credits (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by | Jul 25, 2020 | Tax Tips and News
Internal Revenue Service Commissioner Chuck Rettig had high praise for the nation’s tax professionals this week, as he addressed the IRS Nationwide Tax Forum.… Read more about IRS Commissioner Praises Tax Pros for Handling “Challenging” Tax Season (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Trussell Tax