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On March 31, 60 Congressional Representatives signed on to a letter, led by Representative Lloyd Smucker, requesting IRS Commissioner Rettig extend the federal tax filing deadline for first quarter estimated tax payments to May 17, 2021.
View MoreThe IRS recently announced it will take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent changes made by the American Rescue Plan.
View MoreThe IRS recently issued Notice 2021-21 providing details on its postponement of the April 15 tax deadline for individuals to May 17, 2021.
View MoreThe IRS recently issued Announcement 2021-7 clarifying that purchases of personal protective equipment for the primary purpose of preventing the spread of coronavirus are deductible medical expenses.
View MoreTSCPA and the AICPA today thanked Congress for final passage of the PPP Extension Act of 2021.
View MoreThe U.S. Small Business Administration has announced that beginning the week of April 6, it is raising the limit small businesses and nonprofits can borrow under the COVID-19 Economic Injury Disaster Loans program to up to 24 months of economic injury with a maximum loan amount of $500,000.
View MoreThe U.S. Small Business Administration has set April 8 as the date it will begin accepting applications for the Shuttered Venue Operators Grant program.
View MoreAfter the IRS announced the postponement of the tax deadline for all individual tax returns for the 2021 tax season from April 15 to May 17, many CPAs across the country voiced their disappointment that the relief excluded estimated tax payments that remained due on April 15.
View MoreAs the March 31 deadline for the Paycheck Protection Program (PPP) approaches, the House of Representatives voted to pass a 60-day extension to the program early Wednesday.
View MoreThe IRS Wage & Investment Division recently apologized for processing delays and stated they are currently working to reduce their Centralized Authorization File inventory.
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