Articles
- Q&A with Denise Beckwith of the Georgia Department of Labor
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On Monday, April 27, The Georgia Society of CPAs (GSCPA) hosted an exclusive member event with Denise Beckwith from the Georgia Department of Labor (GA DOL) to give an overview of the Department’s response to COVID-19 and answer questions... read more
- COVID-19 and Tax Update
There are many developments regarding tax and accounting issues concerning COVID-19 and the various government pronouncements. Any CPA practice must consider several issues when serving clients. See the AICPA document link attached to this... read more
- Georgia Extends Additional Tax Deadlines
ATLANTA – The Georgia Department of Revenue (DOR) announced today that additional tax deadlines have been extended in conformance with the U.S. Treasury Department and Internal Revenue Service (IRS). Estimated Payments As announced a few... read more
- Americans Begin Receiving Economic Stimulus Checks This Week
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Millions of Americans are starting to see Economic Impact Payments deposited directly in their bank accounts. Treasury expects a large majority of eligible Americans will receive Economic Impact Payments within the next two weeks. These payments... read more
- SBA Disaster Loan Information
The Small Business Administration is offering assistance in response to the Coronavirus. Small business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19). GSCPA has... read more
- Tax Extension Filing Guidance
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ince the emergency declaration, the IRS has issued several notices on the extension of various tax deadlines. Gerard Schreiber of Louisiana has compiled a master list of Federal tax extensions and important resources for tax filing guidance to... read more
- IRS Provides Guidance Under the CARES Act to Taxpayers with Net Operating Losses
WASHINGTON – The Internal Revenue Service today issued guidance providing tax relief under the CARES Act for taxpayers with net operating losses. Recently the IRS issued tax relief for partnerships filing amended returns. COVID Relief for... read more
- IRS Extends More Tax Deadlines to Cover Individuals, Trusts, Estates Corporations and Others
WASHINGTON — To help taxpayers, the Department of Treasury and the Internal Revenue Service announced today that Notice 2020-23 extends additional key tax deadlines for individuals and businesses. Last month, the IRS announced that... read more
- Update to Notice 2020-18, Additional Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic
Notice 2020-23; Expanded Federal tax filing and payment relief on account of Coronavirus Disease 2019 (COVID-19) emergency. The Treasury Department and IRS are providing additional relief to taxpayers, postponing until July 15, 2020, a variety of... read more
- TIGTA Urges Taxpayers to “Be On High Alert” For Coronavirus Relief Payment Scams
WASHINGTON - The Treasury Inspector General for Tax Administration (TIGTA) today urged taxpayers to be on high alert for potential scams related to government assistance to taxpayers impacted by the coronavirus. “The Coronavirus Aid,... read more