MRPR Blog
SELECT A CATEGORY
IRS Extends Filing Deadline For Tax Returns
On March 21, 2020, the Internal Revenue Service released Notice 2020-18, providing information and guidance to taxpayers as the United States addresses the global COVID-19 (Wuhan coronavirus) pandemic. President Donald Trump issued an emergency declaration on March 13, 2020, empowering Treasury Secretary Steven Mnuchin to grant certain relief to taxpayers as more and more sectors of the U.S. economy are
IRS Announces Emergency Tax Relief for COVID-19
Please see the most recent update regarding the IRS Extended Tax Payment Deadline Notice. On March 18, 2020, the Internal Revenue Service released Notice 2020-17, providing information and guidance to taxpayers as the United States addresses the global COVID-19 (Wuhan coronavirus) pandemic.
Q1 2020 Tax Headlines For Business Owners
As Ben Franklin said, “In this world, nothing can be said to be certain, except death and taxes.” As the tax laws continue to evolve, you can’t even be certain about taxes anymore. Read on for a roundup of five tax headlines that taxpayers should know about in the new year.
Confused About New Meals & Entertainment Expense Rules?
The 2017 Tax Cuts and Jobs Act (TCJA) made significant changes to business provisions that affect a company’s ability to deduct meals and entertainment (M&E) expenses.
Q4 2019 Tax Headlines For Business Owners
While some people may not think that tax and accounting topics make for exciting headlines–we do! Here’s a quick round up of five tax-related headlines that impact many business owners heading into Q4.
New Regulations Help Clarify Qualified Opportunity Zones
The IRS released new proposed regulations for Qualified Opportunity Zones on April 17, 2019. The new regulations seek to clarify the vague statutory language of Internal Revenue Code Section 1400Z-1 and 1400Z-2, outlining the tax benefits of Qualified Opportunity Zones.