Families First Coronavirus Response Act (FFCRA); The Treasury Department, Internal Revenue Service (IRS) and the U.S. Department of Labor (Labor) announced plan for the implementation of paid-leaves for employees & tax credits for small and mid-sized businesses in the United…
The coronavirus (COVID-19) pandemic alert; As CoronaVirus has hit the United States and presenting challenges for the taxpayers to file their income tax returns to the IRS. The federal income tax filing due date is extended from April 15, 2020,…
Tax Date Due To Coronavirus? The Internal Revenue Service (IRS) and Treasury Department made an announcement about the extension of tax filing deadline in the United States due to the coronavirus (COVID-19) pandemic. Now, the new extended deadline for filing…
IRS Announces Waivers; The Internal Revenue Service (IRS) made an announcement about the particular waivers for Offer in Compromise application in the United States, as per the final regulations, the Offer in Compromise application fee is increased to $205 that…
IRS Allows High-Deductible Health Plans; The Internal Revenue Service (IRS) confirms that high-deductible health plans (HDHPs) can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment, without risking their status. The agency further states that those individuals who have a…
Tax Credits vs Tax Deductions? Differences and Benefits. You must have heard of the name ‘Tax Credits’ & ‘Tax Deductions’ while surfing tax advice or tax preparation on internet. Both tax credits & tax deductions can reduce your tax bill,…
Improved Retirement Planning; The Internal Revenue Service (IRS) has updated two comprehensive IRA publications that can help the taxpayers in a better planning of retirement in the United States. With this update in the IRA publications, anyone making IRA contributions…
In order to provide other tax relief for victims of Tennessee tornadoes, the Internal Revenue Service (IRS) extends April 15, 2020 with other upcoming deadlines for the affected taxpayers. As per details, Victims of this week’s tornadoes and severe storms…
Fiscal policy is the main ingredient to kick off a business that could sustain head up in the conglomerate of businesses. The fiscal policy ensures that how a company’s financial assets would be involved in the market, the buying, and…
aLearning and unlearning the secret key to success in the 21st century. Skill-building has become far more important in this tenure than the academics. Either you learn to be habitual or get proficiency in some tool or technique or any…