by Rupinder | Feb 23, 2021 | Uncategorized
IRS Commissioner Charles P. Rettig on February 23 told lawmakers on Capitol Hill that the IRS has no plans to generally extend the 2021 tax filing season. Additionally, Rettig informed lawmakers that the IRS is still processing about 6 million 2019 tax returns. “We...
by Rupinder | Feb 22, 2021 | Uncategorized
The Biden administration has announced several reforms to the Paycheck Protection Program (PPP), which are aimed at targeting the PPP more narrowly toward certain small businesses. The White House on February 22 released a Fact Sheet outlining the following changes to...
by Rupinder | Feb 19, 2021 | Uncategorized
The IRS has released a statement alerting taxpayers that approximately 260,000 CP59 Notices should not have been sent. These IRS notices are generally issued to taxpayers who have failed to file a tax return for the prior calendar year. “Due to pandemic related...
by Rupinder | Feb 4, 2021 | Uncategorized
Join Jessica L. Jeane, J.D., NSA’s Director of Public Policy, on Thursday, February 11, 2021, at 2:00 PM ET, for a 1-hour webinar titled Legislative Review: Consolidated Appropriations Act, 2021 –Changes to Paycheck Protection Program (PPP) and Employee...
by Rupinder | Feb 1, 2021 | Uncategorized
Today, the National Society of Accountants (NSA) sent a letter to Treasury Secretary Janet Yellen and IRS Commissioner Charles P. Rettig voicing concerns raised by NSA members regarding the delayed and now shortened 2021 tax filing season. The letter outlines various...
