2020 Deficits and Potential Payroll Tax Holiday

The Biden Administration Corporate Tax Proposal

California Health Insurance Penalty:
https://www.coveredca.com/individuals-and-families/getting-covered/penalty-and-exemptions/

Guidance addresses deductibility of expenses related to Paycheck Protection Program loans:
https://newsletters.usdbriefs.com/2020/Tax/TNV/200501_1.pdf

$3.7 Trillion Deficit:
https://newsletters.usdbriefs.com/2020/Tax/TNV/200501_3.pdf

Fewer People filed by April 15th:
https://www.cpapracticeadvisor.com/tax-compliance/news/21135618/21-million-taxpayers-delayed-filing-past-april-15

Payroll Tax Holiday
https://www.washingtonexaminer.com/news/white-house-strongly-considering-demand-to-include-payroll-tax-cuts-in-next-relief-package

The Biden Administration Corporate Tax Proposal

April 15th Is Now May 15th

Today’s Subjects:

1) April 15th is now May 15th…

The Biden Administration Corporate Tax Proposal

Tax Deadline: Make a Decision, Already!!!

Make a Decision, Already!!!

Ways and Means Chair…

The Biden Administration Corporate Tax Proposal

IRS Still Processing 6.7 Million Returns from Last Year

1) IRS Still Processing 6.7 Million Returns from …

The Biden Administration Corporate Tax Proposal

The IRS Has 3 Million Unopened Pieces of Mail!

1) Form 1099 NEC for California –

We discovered …