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Author Archive for Annemarie Aguanno

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2021-2022 Special Per Diem Rates Released

2021-2022 Special Per Diem Rates Released The IRS has released the 2021-2022 special per diem rates. Taxpayers use the per diem rates to substantiate certain expenses incurred while traveling away from home. These special per diem rates include: the special transportation industry meal and incidental expenses (M&IE) rates; the rate for the incidental expenses only […]

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Final Foreign Partner Withholding Regulations To Be Deferred Until 2023

Final Foreign Partner Withholding Regulations To Be Deferred Until 2023 The IRS has announced that it intends to defer until 2023 the applicability of certain final regulations under Code Sec. 1446(a) and (f) relating to withholding of tax on foreign partners’ share of effectively connected income. Withholding Provisions on Transfers of Interests in Publicly Traded Partnerships DeferredThe amendments will […]

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IRS Reminds Taxpayers to File and Pay 2020 Tax Returns by October 15 Due Date

IRS Reminds Taxpayers to File and Pay 2020 Tax Returns by October 15 Due Date The IRS has reminded taxpayers to file their 2020 tax returns by the upcoming October 15, 2021 due date. Taxpayers must file on or before the extension deadline to avoid the penalty for filing late if they request an extension. […]

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Taxpayers Urged to Develop Emergency Preparedness Plans for Surviving Natural Disasters

Taxpayers Urged to Develop Emergency Preparedness Plans for Surviving Natural Disasters The IRS has reminded taxpayers to develop emergency preparedness plans due to the upcoming hurricane season and the ongoing threat of wildfires in some parts of the country. September is declared as the National Preparedness Month. Further, the IRS advised taxpayers to: secure critical […]

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Use of E-Signatures Approved for Certain Forms

Use of E-Signatures Approved for Certain Forms The IRS has allowed taxpayers to use electronic or digital signatures on certain paper forms they cannot file electronically. The Service has balanced the e-signature option with critical security and protection needed against identity theft and fraud. The IRS will accept a wide range of electronic signatures. Acceptable […]

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Tax Court Had Jurisdiction Over Innocent Spouse Case

Tax Court Had Jurisdiction Over Innocent Spouse Case The Tax Court had jurisdiction to determine the appropriate relief available to an individual who sought innocent spouse relief for two tax years at issue. Initially, the taxpayer submitted a request for innocent spouse relief for one tax year, which the IRS denied in a final determination. […]

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PPP Direct Forgiveness Portal Created, Loan Questionnaire Discontinuance Explained

PPP Direct Forgiveness Portal Created, Loan Questionnaire Discontinuance Explained The U.S. Small Business Administration ( SBA) is launching a streamlined application portal to allow certain borrowers to apply for Paycheck Protection Program (PPP) Loan forgiveness directly through the SBA. The SBA also is explaining why it discontinued use of Loan Necessity Questionnaires for PPP borrowers. PPP Direct Forgiveness […]

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Experts: IRS Guidance Needed on American Rescue Plan

Experts: IRS Guidance Needed on American Rescue Plan The IRS needs to issue new rules and guidance to implement the American Rescue Plan, experts said on March 11 as President Joe Biden signed his COVID-19 relief measure. “I hope Treasury will say something very soon: FAQs, press release, something. IRS undoubtedly will have to write […]

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Attendance on Demand and Clair announce a new partnership

February 25, 2021 Workforce Management Leader Meets Social Impact Fintech Startup https://finance.yahoo.com/news/attendance-demand-clair-partner-free NORTHVILLE, Mich., Feb. 25, 2021 /PRNewswire/ — Attendance on Demand, a leader in workforce management technology, and Clair, a New York-based social impact fintech startup, have announced a vital new partnership to provide free wage advances to more than one million hourly employees […]

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