by Bill Fritton | Mar 30, 2021 | IRS
The IRS has announced that individuals have until May 17, 2021, to meet certain deadlines that would normally fall on April 15. This follows a previous announcement from the IRS on March 17, that the federal income tax filing due date for individuals for the 2020 tax... by Bill Fritton | Mar 18, 2021 | IRS
The filing date for the federal income tax has been postponed until May 17. The IRS has announced that individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to May 17, 2021, without penalties and interest,... by Bill Fritton | Feb 4, 2021 | IRS
The gig economy is integral to millions of Americans’ livelihoods, and the IRS is itching to take its share. The IRS says the gig economy includes any “activity where people earn income providing on-demand work, services or goods,” such as... by Bill Fritton | Oct 12, 2020 | IRS
COVID-19 brought financial challenges to much of the public and forced companies to reimagine how business is done. Congress responded with generous relief, much of which runs through the tax code. National tax and accounting firm Grant Thornton LLP has developed... by Bill Fritton | Jun 12, 2020 | IRS
Congress recently passed legislation to loosen some of the restrictions that came with the popular Payroll Protection Program; the president signed it into law on June 5. The new law runs only about 1,000 words, but contains several major changes that vastly extend... by Bill Fritton | Feb 21, 2020 | IRS, News
Revenue officers from the Internal Revenue Service are fanning out across the country to tell wealthy taxpayers who haven’t filed taxes in at least a year that they need to pay up, the federal tax collector said this week. The in-person visits will target taxpayers...
