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Latest Tax Alerts

Check out the latest tax alert section of our website, full of links and articles for professional and personal tax news. Read More

IRS Addresses Queries on COVID-19 Economic Impact Payments; No Return Required for Certain Social Security Recipients

The IRS announced on March 30 ... Read More

IRS Addresses Bonus Depreciation, Related Issues for Post-2017 Qualified Improvement Property

As a result of the retroactive assignment of a 15-year ... Read More

Guidance on NOL Carryback Under CARES Act

The IRS has issued guidance ... Read More

IRS Allows Temporary Filing by Fax for Forms 1139 and 1045

TThe IRS is allowing taxpayers ... Read More

Guidance on 163(j) Elections for Legislation, Farming, Real Property

The IRS has released guidance ... Read More

BBA Partnerships Can Amend Returns for CARES Benefits

The IRS has set forth rules for ... Read More

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Get My Payment Tool Available for Economic Impact Payments

By: Andrew Presti, Senior Partner


Andrew Presti, Senior PartnerThe Treasury Department and the IRS have released the "Get My Payment" tool to assist Americans in receiving their “economic impact payments” issued under the bipartisan Coronavirus Aid, Relief, and Economic Security (CARES) Act ( P.L. 116-136). The free tool went live on April 15, and is located at
Get My Payment
The "Get My Payment" tool generally allows consumers to check the status of their payments ... Read More

Due Dates Extended for Additional Filings and Payment Obligations

By: Salvatore Russo, CPA, Partner


Salvatore Russo, CPA, PartnerThe Treasury Department and IRS have provided a notice with additional relief for taxpayers, postponing until July 15, 2020, a variety of tax form filings and payment obligations that are due between April 1, 2020 and July 15, 2020. Associated interest, additions to tax, and penalties for late filing or late payment will be suspended until July 15, 2020. Additional time to perform certain time-sensitive actions during this period is also provided... Read More

Lawmakers Continue Phase Four Economic Relief Talks; “CARES 2” in the Works

By: Elias Koumniotes, Senior Tax Manager


Wayne Naegele, Senior PartnerLawmakers are continuing talks on a "phase four" economic relief package in response to the COVID-19 global pandemic. To that end, the House’s "CARES 2" package is currently in the works and could see a floor vote as early as this month.
"The acceleration of the coronavirus crisis demands that we continue to legislate," Pelosi said in a "Dear Colleagues" letter... Read More


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