Monthly Archives: July 2020
Guidance on Reconciling Advance Payments of Employment Tax Credits
This article explains regulations on how to reconcile advance payments of refundable employment tax credits and recapture of these credits when necessary.
Guidance for Reporting Qualified Sick and Family Leave Wages
This article explains the reporting requirement for qualified sick and family leave wages paid to employees under the Family First Coronavirus Response Act.
Guidance for Reporting Qualified Sick and Family Leave Wages
This article reminds taxpayers that contributions to traditional IRAs made by the postponed tax return due date of July 15, 2020, are deductible on a 2019 tax return
COVID–19 Relief for Qualified Low-income Housing Projects
This article explains the due date extensions and reduced sample sizes to provide relief for low-income housing projects due to COVID-19
2020 Luxury Auto Depreciation Caps and Lease Inclusion Amounts
This article explains the 2020 luxury auto depreciation caps and lease inclusion amounts for computing automobile expenses used for business.
COVID-19 Relief for Mid-Year Plan Amendments and Safe Harbors
This article explains the COVID-19 relief for mid-year plan amendments and safe harbor contribution reductions or suspensions.
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