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2021-2022 Special Per Diem Rates Released
The IRS has released the 2021-2022 special per diem rates. Taxpayers use the per diem rates to substantiate certain expenses incurred while traveling away from home....

Qualified Sick and Family Leave Wages Reporting Guidance Issued
The IRS and the Treasury Department have issued guidance to employers about reporting the amount of qualified sick and family leave wages paid to employees for leave taken in 2021 on Form W-2, Wage a...

Temporary, Proposed Regs Authorize Assessment of Erroneous Refund of COVID-19 Employment Tax Credits
The IRS has issued temporary and proposed regulations that authorize the assessment of any erroneous refund of the COVID-19 employment tax credits which were added by the American Rescue Plan Act of 2...

Final Foreign Partner Withholding Regulations To Be Deferred Until 2023
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IRS Reminds Taxpayers to File and Pay 2020 Tax Returns by October 15 Due Date
The IRS has reminded taxpayers to file their 2020 tax returns by the upcoming October 15, 2021 due date. Taxpayers must file on or before the extension deadline to avoid the penalty for filing late if...

Taxpayers Urged to Develop Emergency Preparedness Plans for Surviving Natural Disasters
The IRS has reminded taxpayers to develop emergency preparedness plans due to the upcoming hurricane season and the ongoing threat of wildfires in some parts of the country. September is declared as t...

IRS Reminder for Classification of Workers as Employees or Independent Contractors
The IRS has emphasized the importance of correctly determining whether the individuals providing services to businesses were employees or independent contractors....

Use of E-Signatures Approved for Certain Forms
The IRS has allowed taxpayers to use electronic or digital signatures on certain paper forms they cannot file electronically....

Tax Court Had Jurisdiction Over Innocent Spouse Case
The Tax Court had jurisdiction to determine the appropriate relief available to an individual who sought innocent spouse relief for two tax years at issue. Initially, the taxpayer submitted a request ...

How Do I? Get back start-up expenses in starting a business as quickly as possible
The American Jobs Creation Act of 2004 (2004 Jobs Act) changed the rules for start-up expenses in both favorable and unfavorable ways. Start-up expenditures are amounts that would have been deductible...

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