Security Summit partners warn taxpayers of new COVID-related text scam
IR-2020-249, Nov. 4, 2020 WASHINGTON – The Internal Revenue Service, state tax agencies and the tax industry today warned of a new text …
Sale of Partnership Interest
Thursday, November 19, 2020 2:00 p.m. Eastern, 1:00 p.m. Central, 12:00 p.m. Mountain (MDT), 11:00 a.m. Mountain (MST), 11:00 a.m. Pacific, 8:00 a.m. …
Paycheck Protection Program Loan Forgiveness
For BorrowersPaycheck Protection Program (PPP) borrowers may be eligible for loan forgiveness if the funds were used for eligible payroll costs, payments on …
It is time to renew your status as an enrolled agent.
You must renew your status as an enrolled agent every three years in order to remain eligible to practice before the IRS. Because …
VITA/TCE volunteers
In preparation for this coming filing season, we are asking for your help in finding new volunteers for the IRS’s Volunteer Income Tax …
OUTREACH CONNECTION
Free tax content you can share: Outreach Connection• If you need to share information about taxes with your staff, clients, customers or colleagues, …
NEWS FROM OTHER AGENCIES
From the SBA:Coronavirus Recovery Information in Other Languages• SBA is providing materials in languages other than English to help business owners recoverConnect with …
YOUR PRACTICE, YOUR CLIENTS
IRS reminds taxpayers and practitioners of expedited letter ruling procedures• The IRS continues to look for ways to assist taxpayers affected by the …
TAX EXEMPT / NON-PROFIT
What to know about the tax-exempt application process for charities• Organizations that meet specified requirements under Section 501(c) of the Internal Revenue Code …
NEWS FOR BUSINESSES and EMPLOYERS
IRS issues final regulations on the deduction for meals and entertainment• The IRS issued final regulations on the business expense deduction for meals …