by taxPRO Websites Staff | Feb 7, 2021 | Tax Tips and News
Since the coronavirus pandemic began, we’ve heard a lot about front-line health care workers and their risks. Now, we’ve come to know that teachers face risks of their own. To help mitigate those risks, eligible educators can now deduct their unreimbursed expenses for...
by taxPRO Websites Staff | Feb 5, 2021 | Tax Tips and News
Thanks to recent legislation, U.S. corporations can deduct up to 100% of their contributions to relief effort for a qualified disaster. They are also getting a break on how they have to document it. The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTRA)...
by taxPRO Websites Staff | Feb 4, 2021 | Tax Tips and News
The nation has been weathering nearly one million weekly initial unemployment claims since the beginning of the pandemic. For many qualifying Americans, unemployment insurance benefits are the only thing preventing food insecurity and homelessness while trying to find...
by taxPRO Websites Staff | Feb 2, 2021 | Tax Tips and News
The COVID-19 pandemic has caused significant financial strain for millions of taxpayers. From job losses and business closures to medical bills and lost revenue, unexpected costs and hardships have threatened to sink American families’ finances. While unemployment...
by taxPRO Websites Staff | Feb 1, 2021 | Tax Tips and News
For some time now, Internal Revenue Service Commissioner Chuck Retting has been declaring 2021 as the year his agency transforms the user experience of the American taxpayer. Now, the agency has taken concrete steps in that direction. The IRS has created a new...
by taxPRO Websites Staff | Jan 29, 2021 | Tax Tips and News
Small and midsize companies have been particularly hard hit over the past year by COVID-19. And while those employers been stretched to their limits by paying out large sums for sick leave and family leave due to the pandemic, some help is available. The Families...
