- Forced to Return to U.S. From a Foreign Job? IRS Has Provided Time Waivers for Exclusion
- The IRS has provided relief for taxpayers who were working abroad and returned to the U.S. because of the COVID-19 pandemic before meeting the foreign residency requirements that would qualify them to exclude or deduct all or a portion of the income they earned while working in a foreign country.
- Video: The Latest on Missing IRS Rebate Checks
- The latest on missing IRS rebate checks.
- Not All PPP "Forgivable" Loans Will be Forgiving
- Business owners approved for Paycheck Protection Program loans should be wary of the strict requirements for having their “forgivable” loans actually forgiven later on.
- IRS Guidance: PPP Loan Expenses Not Tax-Deductible
- Recent IRS guidance states that expenses related to forgivable loans under the Paycheck Protection Program (PPP) will not be tax-deductible.
- Are You Eligible For a 2018 Tax Refund?
- You may be one of the many taxpayers eligible for a refund from their 2018 tax return. Last December, tacked on to an Appropriations Act, Congress passed the long-awaited extenders bill. This bill had been lingering in Congress for about 2 years and extended several beneficial tax provisions that had expired after 2017. As a result, these provisions were retroactively extended to 2018 and most are continued through 2020. This opens the door to amending your 2018 return for a refund if any of the following provisions apply to you. Here are the retroactive tax benefits:
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