by Rupinder | Mar 17, 2021 | Uncategorized
The Treasury Department and IRS announced that the federal income tax filing due date for individuals for the 2020 tax year will be extended from April 15, 2021, to May 17, 2021. The IRS noted that formal guidance will be provided in the coming days. “This...
by Rupinder | Mar 17, 2021 | Uncategorized
Today, House Ways and Means Committee Chairman Richard E. Neal (D-MA) and Oversight Subcommittee Chairman Bill Pascrell, Jr. (D-NJ) applauded the decision by the IRS to extend the federal tax-filing deadline from April 15 to May 17, 2021. “This extension is absolutely...
by Rupinder | Mar 13, 2021 | Uncategorized
The U.S. Small Business Administration (SBA) has issued the following updated guidance for the Paycheck Protection Program (PPP): PPP FAQs – March 12, 2021 How to Calculate Maximum Loan Amounts for First Draw PPP Loans – March 12, 2021 How to Calculate...
by Rupinder | Mar 11, 2021 | Uncategorized
President Biden on March 11 signed into law the American Rescue Plan Act (ARPA), a nearly $1.9 trillion COVID-19 relief package containing several tax provisions. The House approved the Senate-amended ARPA (HR 1319) by a 220-to-211 vote on March 10; the Senate passed...
by Rupinder | Mar 11, 2021 | Uncategorized
Franchot Extends State Income Tax Filing Deadline to July 15 State, federal pandemic relief programs require extensive changes to tax forms; all updates anticipated by April 15 ANNAPOLIS, Md. (March 11, 2021) – Using statutory authority granted to him,...
by Rupinder | Mar 10, 2021 | Uncategorized
FOR IMMEDIATE RELEASE Contact: Erica RyderCommunications Coordinatoreryder@nsacct.org703-549-6400 ext. 1330 NSA Sends Letter to IRS, Treasury Regarding Postponement of 2021 Tax Filing Season Deadlines Alexandria, VA, March 10, 2021 — NSA sent a letter to the IRS and...
