News / General Business

Working from home? Don’t count on a tax deduction

Source: thedenverchannel.com - May 21, 2020

For nearly two months, Eric Pressman has been working from his newly renovated, newly ungraded home office in Needham, Massachusetts. Pressman is among the millions of Americans who aren’t sure... Read more >

Category: General Business

Tax return filings crater as Americans are holding off until July 15

Source: cnbc.com - May 21, 2020

People short on cash could use a tax refund, yet millions of households continue to sit on last year’s tax returns. The taxman received 128.2 million individual income tax returns as of May 8,... Read more >

Category: General Business

SBA Issues PPP Loan Forgiveness Guidance, A Few New Rules: What You Need To Know Now

Source: forbes.com - May 21, 2020

The SBA just issued much-awaited guidance, allowing borrowers to claim forgiveness of their Paycheck Protection Program (“PPP”) loans. The new guidance implements the single most enticing... Read more >

Category: General Business

Voices Inside the coronavirus-related employer tax credits and penalty relief

Source: accountingtoday.com - May 5, 2020

The Families First Coronavirus Response Act and the Coronavirus Aid, Relief, and Economic Security, or CARES Act, provide refundable tax credits to certain employers that continue to pay their... Read more >

Category: General Business

As Senate returns, multiple stumbling blocks threaten next coronavirus bill

Source: nbcnews.com - May 5, 2020

WASHINGTON — As the Senate returns Monday after having been forced from the Capitol by the coronavirus outbreak, the next round of emergency relief legislation could be weeks away as Democrats,... Read more >

Category: General Business

3 Things to Know Before Throwing Out Your Old Tax Returns

Source: fool.com - May 5, 2020

Tax season eventually comes to a close, but you'll always have your tax return and other paperwork to serve as a reminder of that time -- at least until you throw it out. Hopefully, you're not... Read more >

Category: General Business

Is it a good idea to lower taxes on oil production in Louisiana? Legislature starts fast on bill

Source: theadvocate.com - May 5, 2020

Though state government is facing a huge drop in revenues because of the coronavirus pandemic, almost the first legislation that moved out Monday from the Louisiana House tax committee was a bill... Read more >

Category: General Business

Direct deposit and your stimulus check: Set up faster payment up with IRS portal

Source: cnet.com - Apr 28, 2020

The IRS mailed the first wave of paper checks on April 24 and earlier this month began depositing money into the bank accounts of nearly 90 million US residents who are eligible to receive a... Read more >

Category: General Business

How Does the CARES Act Impact Net Operating Losses for Small Businesses?

Source: accountingweb.com - Apr 28, 2020

This week, we delve into how the Act affects small businesses’ net operating losses. Significantly, although the CARES Act essentially repeals tough rules that were imposed by the Tax Cuts and... Read more >

Category: General Business

Federal Income Tax Credits and Other Incentives for Energy Efficiency

Source: energystar.gov - Apr 28, 2020

Tax credits for residential energy efficiency have now been extended retroactively, through December 31, 2020. The tax credit for builders of energy efficient homes and tax deductions for energy... Read more >

Category: General Business

[irs.gov] Get My Payment Frequently Asked Questions

Source: irs.gov - Apr 28, 2020

For additional questions regarding the Economic Impact Payments visit our Economic Impact Payments Information Center. Here is what you need to know about your Economic Impact Payment (EIP). For... Read more >

Category: General Business

Have old tax bills with the IRS? Why you should pay them immediately

Source: cnbc.com - Apr 24, 2020

The IRS isn’t processing paper returns right now as they deal with distributing coronavirus stimulus checks. While that’s not an issue for most taxpayers, who currently have until July 15 to... Read more >

Category: General Business

How to Get Your 2021 Tax Refund A Lot Sooner

Source: fool.com - Apr 23, 2020

Getting a refund from the IRS is more common than not, and refunds total several thousand dollars for most households. If you're on track to get a refund from your 2019 tax year, you'll want to be... Read more >

Category: General Business

Con artists are after your stimulus checks—here are 4 red flags to watch for, says fraud expert

Source: cnbc.com - Apr 23, 2020

Americans are starting to receive their $1,200 stimulus checks, which are meant to help them get by during the coronavirus pandemic. That influx of money is also attracting scammers and con... Read more >

Category: General Business

City of New Orleans Reminds Residents of Evictions Ban, Tenants' Rights

Source: nola.gov - Apr 23, 2020

NEW ORLEANS — Today, the City of New Orleans reminds residents of the protocols currently in place with regard to eviction actions taken against tenants during the response to the COVID-19... Read more >

Category: General Business