by Rupinder | Apr 6, 2020 | Uncategorized
NSA CEO John Rice has written an article to update members on the first day’s activity of the Payroll Protection Program. It is apparent that businesses that are able to apply for loans from banks that are participating in the program are doing so in large...
by Rupinder | Apr 2, 2020 | Uncategorized
The IRS has extended the deadline for members of the public to apply for membership on the Taxpayer Advocacy Panel for 2021. Individuals may submit a TAP application online at www.improveirs.org through April 20, 2020. Please consider this opportunity to make a...
by Rupinder | Apr 2, 2020 | Uncategorized
NSA members: NSA supports your need for more information regarding the recent stimulus packages that were signed into law. We are offering you a free webinar through CCH Learning Center to help you prepare for the relief act tax credits. Here are the details: Families...
by Rupinder | Apr 1, 2020 | Uncategorized
The IRS and Department of the Treasury have released more information about the Employee Retention Credit program that has been recently launched. Below is the information directly from the source, covering business qualifications, credit calculations, wages, and how...
by Rupinder | Mar 30, 2020 | Uncategorized
The IRS has published Notice 2020-21, defining the effective date for employment tax credits under the Families First Coronavirus Response Act. Notice 2020-21 provides that employment tax credits for paid qualified sick leave wages and paid qualified family leave...
by Rupinder | Mar 27, 2020 | Uncategorized
The National Public Liaison Office sent out a notice last night detailing service interruptions due to the national health emergency. Help desks closed due to staff limitations: PPS (Practitioner Priority Services) line e-Services Help Desk line e-Services, FIRE...
by Rupinder | Mar 26, 2020 | Uncategorized
Washington, DC, March 26, 2020—Late Wednesday, March 25, 2020, the Senate passed an unparalleled $2.2 trillion economic rescue package providing aid to businesses, workers, and health care systems, suffering from the huge economic effects caused by the coronavirus...
by Rupinder | Mar 25, 2020 | Uncategorized
Today, the IRS announced the new People First Initiative, a new series of steps to help taxpayers with the challenges of the COVID-19 pandemic. Taxpayers can expect the IRS to offer tax relief on a variety of issues like easing payment guidelines and postponement of...
by Rupinder | Mar 25, 2020 | Uncategorized
The IRS has updated the FAQ page for filing and payment deadline extensions outlined in Notice 2020-18. The FAQ page will be updated periodically from this point to reflect any new information or IRS notices. Visit the FAQ. The IRS has also created a new page to keep...
by Rupinder | Mar 23, 2020 | Uncategorized
The IRS has released the following notices: IRS Notice 2020-18 officially states, “For an Affected Taxpayer, the due date for filing Federal income tax returns and making Federal income tax payments due April 15, 2020, is automatically postponed to July 15,...
