The Tax Cuts and Jobs Act created opportunity zones as an economic development tool to stimulate investments in distressed communities.
As far as the taxman is concerned, home is where the heart is.
The Internal Revenue Service and the Treasury Department provided guidance to employers requiring them to report the amount of qualified sick and family leave wages they have paid to their employees under the Families First Coronavirus Response Act on Form W-2.
The Internal Revenue Service and the Treasury Department released proposed regulations and temporary regulations to offer guidance for consolidated groups on net operating losses in the wake of changes under both the Tax Cuts and Jobs Act of 2017 and the CARES Act.
The Internal Revenue Service provided guidance on expanded eligibility and more.
The Internal Revenue Service is giving investors in opportunity zone funds relief from some of the requirements in the controversial program because of the COVID-19 pandemic.
In the midst of a global pandemic, the gravitational pull toward digital transactions has been amplified.
For families who employ a nanny to care for their children in the home, there is the extra concern of what to do with their employee.
The Internal Revenue Service guidance caused some consternation among some small businesses and tax experts.
The American Institute of CPAs’ Professional Ethics Executive Committee has decided to postpone the effective dates for three of its ethics interpretations in its Code of Professional Conduct for one year, due to the impact of the novel coronavirus pandemic.