Tax Law and News

June tax deadlines

June 2021 tax and compliance deadlines

U.S. Flag

IRS begins correcting tax returns for unemployment compensation income exclusion

US Capitol

Texas and other states get deadline extensions and other tax relief after storms

American Rescue Act

Overview of tax provisions in the American Rescue Plan Act of 2021

Dependents

IRS issues guidance on taxability of dependent care assistance programs for 2021 and 2022

tax reform for families

Child Tax Credit expanded for tax year 2021

Restaurant tax deductions

Tax credits for businesses that opened during COVID-19

May 2021

May 2021 tax and compliance deadlines

Accounting for COVID

IRS suspends requirement to repay excess advance payments of the 2020 premium tax credit

COVID-19 Vaccine

Tax credits available to small employers to provide paid leave to employees receiving COVID-19 vaccines

American Rescue Plan

American Rescue Plan: Essential insights for individuals and families

Restaurants

Guidance issued on tax relief on deductions for food or beverages from restaurants