Apr 14, 2021 | The Tax Adviser
To continue to allow employers to take immediate advantage of various credits enacted in response to the COVID-19 pandemic, the IRS is permitting eligible employers who pay qualifying wages to retain an amount of the payroll taxes equal to the amount of qualifying...
Apr 12, 2021 | The Tax Adviser
The IRS announced on Friday that taxpayers who may have had excess Sec. 36B premium tax credits to report for the 2020 tax year are not required to file Form 8962, Premium Tax Credit, or report an excess advance premium tax credit (APTC) repayment on their 2020 Form...
Apr 8, 2021 | The Tax Adviser
The AICPA on Thursday released some suggestions for practitioners regarding issues that have arisen around the postponed May 17 tax due date for individuals. The postponement, announced by the IRS in March (see Notice 2021-21), applies to any individual who files a...
Apr 8, 2021 | The Tax Adviser
NewsExpenses & Deductions By Sally Schreiber, J.D. The IRS released guidance on Thursday explaining when the temporary 100% deduction for restaurant meals is available and when the 50% limitation on the deduction for food and beverages continues to apply for Sec....
Apr 8, 2021 | The Tax Adviser
On Thursday, Rep. Lloyd Smucker, R.-Pa., announced he will introduce a bill that would postpone the due date for first-quarter 2021 estimated tax payments from April 15, 2021, to May 17, 2021. The estimated tax due date would then match the due date for 2020...
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