New Draft Schedules K-2 and K-3 Announced by IRS

by | May 1, 2021 | Tax Tips and News

Partnerships and S corporations that will have to report “international tax matters” in 2022 can now review the new draft releases for Schedules K-2 and K-3. The IRS today announced the early release drafts, noting that instructions would follow sometime in the summer.… Read more about New Draft Schedules K-2 and K-3 Announced by IRS (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Navigating Notices About Economic Impact Payments

by | Apr 29, 2021 | Tax Tips and News

The Internal Revenue Service has kept taxpayers’ mailboxes busy for months now, sending out notices to taxpayers about the various Economic Impact Payments that have been issued.… Read more about Navigating Notices About Economic Impact Payments (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

IRS Announces Safe Harbor for First-Round PPP Deductions

by | Apr 24, 2021 | Tax Tips and News

The early bird gets the worm.We’re taught that punctuality and working ahead leads to success. While generally holding true, there are obviously some exceptions—like when Congress passes retroactive… Read more about IRS Announces Safe Harbor for First-Round PPP Deductions (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Tax Credits Available to Small Businesses Providing Paid Leave for COVID Vaccinations

by | Apr 23, 2021 | Tax Tips and News

The American Rescue Plan Act of 2021 (ARP) allows small and midsize employers—even certain governmental employers—to claim tax credits that reimburse the cost of providing paid sick and family leave related to COVID-19 to their workers.… Read more about Tax Credits Available to Small Businesses Providing Paid Leave for COVID Vaccinations (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…