Summary of the Paycheck Protection Program Flexibility Act of 2020
On June 5, 2020, the President signed the Paycheck Protection Program Flexibility Act of 2020. The legislation liberalizes the qualificat...
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The Tax Professionals Blog · 446 articles
Filing, Payment & Actions Deadlines for 2019 Tax Returns
On March 18, 2020, the IRS issued Notice 2020-17 which postponed the due date for certain Federal income tax payments from April 15, 2020...
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Families First Coronavirus Response Act
H.R. 6201, the Families First Coronavirus Response Act was signed into law by President Trump and becomes effective April 2, 2020, and th...
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Reporting a Gift from a Foreign Source
If the value of the aggregate “foreign gifts” (described below) received by a U.S. person (other than an exempt organization) exceeds spe...
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Solar Installation Battery Add-On
Emergency power outages imposed by utilities in high fire prone areas during periods of high winds and low humidity as well as other disa...
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Timing of Home Acquisition Debt Expenditures
When must a home purchase, construction cost or home improvement expenditures be made in order for a loan to be treated as acquisition de...
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