Small businesses that manage to get their Paycheck Protection Program loans forgiven may find themselves losing valuable tax breaks, according to new guidance from the Internal Revenue Service.
As if tax season isn’t already stressful enough, the coronavirus pandemic is making things that much harder.
Just before the coronavirus roiled the economy, wealthy investors piled into funds that take advantage of a popular, two-year-old tax break meant to help poor communities.
Fiscal blow to MPEA's operations and tax collections follow the halt to trade and convention business that began in March.
Starting in May, preparation will be free for police, firefighters, EMTs and health care workers.
The U.S. Treasury Department is planning to instruct people whose deceased relatives received coronavirus stimulus payments to return the money to the federal government, according to a department spokesman.
With states and cities facing the worst fiscal crisis in decades, a little-noticed provision in New York’s tax law could put amicable relations with neighboring states to the test.
The Internal Revenue Service is urging some benefits recipients to register their children and other dependents for the extra $500 per child stimulus payments by May 5 if they haven’t already filed a tax return for 2018 or 2019.
We just got through a most unusual “tax season,” with taxes pushed aside at the beginning of April to be consumed with the SBA and PPP.
The novel coronavirus pandemic is causing the biggest drop in Americans’ financial situation in over a decade.