The Internal Revenue Service released guidance Monday for employers claiming the employee retention credit for 2020 and how it relates to eligibility for the Paycheck Protection Program.
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IRS Watch
March 3, 2021
Upcoming Events March 3, 2021
IRS offers guidance on employee retention credit and PPP eligibility
By Michael Cohn      6 min read
The Internal Revenue Service released guidance Monday for employers claiming the employee retention credit for 2020 and how it relates to eligibility for the Paycheck Protection Program.
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IRS faces delays, risks for tax season amid pandemic
By Michael Cohn     3 min read
The Internal Revenue Service needs to take action to avoid processing delays this filing season due to the COVID-19 pandemic, according to a new government report.
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Tax Court: You have to be 'away from home' to take lodging deduction
By Roger Russell     2 min read
The Tax Court added its voice to the dilemma facing many taxpayers working remotely due to the pandemic.
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The risks of tax season
By Roger Russell     5 min read
Practitioners face malpractice issues right from the start of filing, and this year may be even worse than usual.
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IRS warns: Stop taking this deduction — it’s been repealed
By Jeff Stimpson     2 min read
A ‘wave’ of claims for the Domestic Production Activities Deduction sparks an alert.
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Tax Strategy: Issues for the 2021 tax filing season
By Mark A. Luscombe     6 min read
A host of developments promise to complicate this year's run-up to April 15.
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Treasury sees jump in stimulus payment fraud
By Michael Cohn     2 min read
The Financial Crimes Enforcement Network issued a warning about the widening range of scams involving Economic Impact Payments aimed at recipients of COVID-19 relief.
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House passes Biden aid with $1,400 checks; focus moves to Senate
By Erik Wasson     3 min read
The House passed President Joe Biden’s $1.9 trillion pandemic-relief plan, spanning $1,400 stimulus checks, enhanced jobless benefits and fresh funding for vaccines and testing. Also included: a minimum-wage measure with no prospects of passing in the Senate.
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