July 2020 Tax Newsletter: COVID Updates
Tax Newsletter: COVID Updates We could still see changes as the Senate considers its options with the HEROES Act. As previously stated, the Act will not clear the Senate in its current form, but the Senate could pick and choose certain provisions and push forward with different agenda items. As we put the final touches […]
Tax Newsletter New COVID-19 Legislation Overview
Enjoy your Special Edition of the June 2020 newsletter covering the 4th piece of COVID-19 legislation. Keep in mind this has not been enacted into law. The second June Newsletter concerning answers to your PPP Loan Application and Process questions and other webinars will be published later this week. As Congress debates yet another Coronavirus […]
Tax Newsletter – COVID-19 & CARES Act Guidance
April 2020 News: COVID-19 Legislation and Tax Implications This special newsletter provides some COVID-19 tax guidance regarding the new legislation that’s become law. This is what we currently know. We await more law changes and additional guidance on the provision thus far and how they will be implemented. Most of us are trying to get […]
Basics & Beyond Tax Newsletter March 2020
Tax Season Cheer! The March Tax Newsletter is Here! We are all knee deep in the 2020 Tax Season so this month we would like to review some items that may be causing difficulties and a reminder of law that is expiring at the end of 2020 which may impact your clients. Our firm will […]
Basics & Beyond Tax Newsletter February 2020
In This Issue: Several issues to review before we get deep into filing season are in the monthly tax newsletter. Changes in law, the standard mileage rates, transcripts and a review of Timely Mailing rules will serve you well as we soon become immersed with tax returns. We have also highlighted Illinois’s new guidance on […]
Basics & Beyond Tax Flash January 2020
Happy New Year and Welcome to 2020! We hope your holiday included joyful moments and a few days of rest, as we look toward the 2020 filing seasons and the challenges it may present. As with what has become a normal occurrence, Congress passed late legislation in the form of an extender bill, “Taxpayer Certainty […]
2019 Basics & Beyond Tax Blast- December 2019
Happy Holidays! As we approach the end of the year, Basic and Beyond, our staff and instructors thank you all, for your support of our programs this year. We wish you all a wonderful holiday season and we look forward to serving you in 2020. Our December Newsletter is filled with up to date information […]
Basics & Beyond Tax Flash November 2019
November 2019 Issues The newsletter is extra-long this month, a lot is happening as we approach a new filing season in 2020. We have been requested to discuss the New Form W-4 more in depth. We have discussed some of the changes in previous newsletters. It immediately became evident that in order to address your […]
Basics & Beyond Tax Flash October 2019
October 2019 Issues Issue 1: 2019 Tax Season Cut-Off Dates for E-File Form 1040 Last date for transmitting returns on extension from Form 4868 – October 15, 2019 Last date for re-transmitting rejected late or returns on extension from Form 4868 – October 20, 2019 Issue 2: Error in Calculation on Schedule Tax Worksheet for […]
2019 Basics & Beyond Tax Blast- September 2019
Issue 1: Individuals with Significant Tax Debt Should Act Promptly to Avoid Revocation of Passports Clients should resolve their significant tax debts to avoid putting their passports in jeopardy. They should contact the IRS now to avoid delays in their travel plans later. Under the Fixing America’s Surface Transportation (FAST) Act, the IRS notifies the […]