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Update: The Families First Coronavirus Response Act H.R. 6201
We have gathered the updates you need to know released by the Department of Labor (DOL), Internal Revenue Service (IRS) and U.S. Department Of The Treasury regarding the Families First Coronavirus Response Act (FFCRA). We kindly ask that you take a moment to familiarize yourself with these updates and reach out to MRPR if we may be of further assistance.
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.