Monthly Archives: April 2020
Relief for Nonresident Aliens and Foreign Businesses Impacted by COVID-19
This article explains guidance that provides relief to nonresident alien individuals and foreign businesses affected by travel disruptions arising from the COVID-19 emergency.
Employee Retention Credit for Businesses Affected by COVID-19
This article explains how businesses affected by COVID-19 can qualify for and calculate the employee retention credit.
Coronavirus Response: Extension of Time to File and Pay
This article states that the Federal tax payment obligations or Federal tax return or other form filing obligations due (originally or according to a valid extension) on or after April 1, 2020, and before July 15, 2020, are extended to July 15, 2020, without penalty or interest
Audits – Travel Deductions – Your Burden of Proof
This article explains how to incur travel expenses to alert them to potential audit problems.
Guidance for Making 163(j) Elections Under the CARES Act
This article explains the elections related to the business interest deduction limit under the CARES Act for the 2019 and 2020 tax years.
Guidance Under the CARES Act for Taxpayers with Net Operating Losses
This article tells about the guidance on the tax treatment of net operating losses under the CARES Act.
BBA Partnerships Can Amend Returns Under the CARES Act
This Articles explains IRS guidance providing relief to certain BBA partnerships to file amended Form 1065 and partners’ Schedules K-1 for tax years beginning in 2018 or 2019.
Employee Retention Credit Available for Businesses Impacted by COVID-19
This article explains how businesses affected by COVID-19 can qualify for and calculate the employee retention credit.
CARES Act: Delayed Payment of Employer Payroll Taxes
This article explains the provision under the CARES Act for a deferment of the payment of the employer share of payroll taxes.
Paid Sick and Family Leave under the Families First Coronavirus Response Act
This article explains sick leave and expanded family and medical leave for COVID-19 related reasons and the related refundable paid sick leave credit and the paid childcare leave credit for eligible employers under the Family First Coronavirus Response Act
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