Tag: irs

Collaboration Arrangements in Life Sciences
Tax Considerations in Life Sciences Collaboration Arrangements

Collaborative agreements within the life sciences sector generally provide for three types of payments. To…

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Businesses Prepare for IRS Form 1099-NEC
Businesses: Prepare to Issue IRS Form 1099-NEC

Businesses that would typically provide a Form 1099-MISC to independent contractors (and certain others) and…

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Payroll Tax Deferral Executive Order
IRS Addresses President’s Executive Order on Payroll Tax Deferral

The IRS provided some needed guidance for employers wondering whether and how to comply with…

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Accounting Methods
Proposed Small Business Taxpayer Regulations Address Accounting Methods Simplification

The IRS released an advance copy of proposed regulations for small business taxpayers to implement…

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Retirement Planning
IRS Extends Relief for 2020 RMD Waivers and Rollovers

IRS extended the deadline for retirement plan participants to return an unwanted RMD to their…

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Employee Retention Credit FAQ
FAQ Updates for Employee Retention Credit & Payroll Tax Deferrals

The IRS recently updated its frequently asked questions (FAQs) on the Employee Retention Credit (ERC)…

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Calendar
IRS Expands COVID-19 Postponement Relief

Federal tax payments and returns eligible for relief are expanded. Any tax return or payment…

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Tax Extension Frequently Asked Questions
FAQ: Federal Tax Filing & Payment Extension

Summary of IRS frequently asked questions to provide additional clarification and guidance regarding the application…

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Payroll Tax Credits for COVID-19 Mandated Paid Leave
Payroll Tax Credits & Rapid Refunds for Employers Making COVID-19 Leave Payments

The IRS has just clarified that employers can subtract the cost of the new mandated…

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April 15th Tax Deadline Delayed to July 15th
IRS Extends Federal Tax Filing Deadline to July 15th

The tax filing deadline was officially extended to July 15th, giving individual, trust and corporate…

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