On August 8, 2020, President Trump signed an Executive Order, for the Treasury Department to issue guidance related to the deferral of Social Security Taxes, for employees. The deferral will apply to wages that are paid from September 1, 2020 through December 31, 2020. Not all employees will qualify for the payroll tax deferral. Read More…
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief to taxpayers affected by the novel coronavirus (COVID-19). The CARES Act is the third round of federal government aid related to COVID-19. We have summarized the top provisions in the new legislation below, with Read More…
In response to the economic fallout from the Coronavirus Disease 2019 Pandemic, the IRS has automatically postponed the filing and due dates for all Federal income tax returns and related payments due on April 15, 2020. The filing and payment date for these income taxes have been automatically postponed to July 15, 2020. This includes Read More…
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