The Internal Revenue Service said its 2020 IRS Nationwide Tax Forums will be held virtually with a series of live-streamed webinars beginning in July. "Given restrictions on large gatherings and difficulties with travel, we've decided to present the IRS Nationwide Tax Forums in a virtual format this year," IRS Commissioner [...]
Everything has changed. In addition to regular retail businesses, restaurants, and just about everything in between, weddings and the catering industry have been hard hit during the COVID-19 pandemic. With most states opening the above establishment up to a degree at press time, there is little doubt things have changed [...]
The Internal Revenue Service has created the availability of additional material for partner groups sharing information related to Economic Impact Payments, including a new toolkit in Spanish and a variety of other print and visual items available. Even with more than 130 million Economic Impact Payments delivered to date and [...]
The Internal Revenue Service says employers affected by COVID-19 have three important new credits available to them. Employee Retention Credit: The employee retention credit is designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible [...]
The Internal Revenue Service is reminding Supplemental Security Income and Department of Veterans Affairs beneficiaries to act by Tuesday, May 5, if they didn't file a tax return in 2018 or 2019 and have dependents so they can receive the full amount of their Economic Impact Payment. Their $1,200 payments [...]
What does Summer School look like for students in 2020? A lot different than it has in the past. In a period of economic uncertainty with shifting job markets and employment opportunities that are evaporating in some places and springing to life in others, higher education remains one of the best [...]
The Treasury Department and the Internal Revenue Service recently issued guidance that provides relief to individuals and businesses affected by travel disruptions arising from the COVID-19 emergency. The guidance includes the following: Revenue Procedure 2020-20 which provides that, under certain circumstances, up to 60 consecutive calendar days of U.S. presence [...]
There is currently a wide range of RNA tests for detecting COVID-19 according to a new study by Sensonics International. A news release from the company states "in light of strong evidence that decreased ability to smell accompanies this disease, it is partnering with many universities and agencies to provide [...]
The Internal Revenue Service issued a special alert for several groups of federal benefit recipients to act by April 22, if they didn't file a tax return in 2018 or 2019 and have dependents so they can quickly receive the full amount of their Economic Impact Payment. Their $1,200 payments [...]
In an ongoing effort to protect its customers during the coronavirus pandemic, NewDay USA, a VA mortgage lender, said veterans and service members can now sign mortgage closing documents without having a notary signing agent enter their home. The company's new SafeClose service, which abides by the Center for Disease Control and [...]
