Articles
- Tax Day For Individuals Extended To May 17: Treasury, IRS Extend Filing And Payment Deadline
IR-2021-59, March 17, 2021 WASHINGTON — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15,... read more
- IRS Statement - American Rescue Plan Act of 2021
March 12, 2021 The IRS is reviewing implementation plans for the newly enacted American Rescue Plan Act of 2021. Additional information about a new round of Economic Impact Payments, the expanded Child Tax Credit, including advance payments of... read more
- SBA Extends Deferment Period for all COVID-19 EIDL and Other Disaster Loans until 2022
WASHINGTON – The U.S. Small Business Administration announced extended deferment periods for all disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, until 2022. All SBA disaster loans made in calendar... read more
- IRS Begins Delivering Third Round of Economic Impact Payments to Americans
WASHINGTON – The Internal Revenue Service announced today that the third round of Economic Impact Payments will begin reaching Americans over the next week. Following approval of the American Rescue Plan Act, the first batch of payments... read more
- What Employers Need To Know About Repayment Of Deferred Payroll Taxes
To give people a needed temporary financial boost, the Coronavirus, Aid, Relief and Economic Security Act allowed employers to defer payment of the employer’s share of Social Security tax. IRS Notice 2020-65 allowed employers to defer... read more
- HR 1319 – American Rescue Plan Act of 2021 Passes the House and is Headed to President Biden
The United States House voted on and passed the Senate version of the $1.9 Trillion COVID-19 Relief Bill (HR 1319 – American Rescue Plan Act of 2021). This Act is over 600 pages and includes added Coronavirus Economic Aid provisions that... read more
- IRS Provides Guidance For Employers Claiming The Employee Retention Credit For 2020, Including Eligibility Rules For PPP Borrowers
WASHINGTON – The Internal Revenue Service today issued guidance for employers claiming the employee retention credit under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as modified by the Taxpayer Certainty and... read more
- DOR: On Corporate &Partnership Return Processing
The Georgia Department of Revenue began receiving returns on February 12, 2021. If you have not received an acknowledgement: For Corporate or Partnership please allow until Tuesday February 22 to receive your acknowledgement. For Individual... read more
- Taxpayers Should Beware Of Ghost Preparers
As people begin to file their 2020 tax returns, taxpayers are reminded to avoid unethical ghost tax return preparers. A ghost preparer is someone who doesn’t sign tax returns they prepare. Unscrupulous ghost preparers often print the... read more
- House Bill 265, 2021 Conformity Bill Updates
The Georgia IRC update bill (also known as the Conformity Bill) has begun it’s progression through the State House. House Bill 265 has been filed and passed the House Ways and Means Income Tax Subcommittee and full Committee as of this... read more
