COVID-19: IRS announces more tax relief for individuals

COVID-19: IRS announces more tax relief for individuals

In the midst of the coronavirus (COVID-19) pandemic, Americans are focusing on their health and financial well-being. To help with the impact facing many people, the government has provided a range of relief. Here are some new announcements made by the IRS. More tax...
COVID-19: IRS announces more tax relief for individuals

Coronavirus (COVID-19) tax and other relief for individuals

Taxpayers now have more time to file their tax returns and pay any tax owed because of the coronavirus (COVID-19) pandemic. The Treasury Department and IRS announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15,...
How to avoid getting hit with payroll tax penalties

How to avoid getting hit with payroll tax penalties

For small businesses, managing payroll can be one of the most arduous tasks. Adding to the burden earlier this year was adjusting income tax withholding based on the new tables issued by the IRS. But it’s crucial not only to withhold the appropriate taxes — including...