Source: Journal of AccountancyNov 3, 20201 min readIRS announces help with tax debtThe IRS on Monday announced a new program, the Taxpayer Relief Initiative, to help taxpayers who are unable to pay their taxes because ...
Mike ShakooriOct 10, 20201 min readPPP loan forgiveness simplified for loans of $ 50,000 or lessRecipients of Paycheck Protection Program (PPP) loans of $50,000 or less will be able to apply for forgiveness using a simplified...
Mike ShakooriOct 10, 20201 min readWith Oct. 15 looming, some practitioners face daunting challengesWith that tax filing deadline looming, the pandemic continues to disrupt people’s lives. Many tax practitioners are trying to manage ...
Mike ShakooriOct 10, 20201 min readIRS releases modified rules on business meals and entertainment deduction IRS. Sec. 274(a)(1)(A) generally disallows a deduction for any activity of a type generally considered entertainment, amusement, or...