New Markets Tax Credit (NMTC) COVID-19 Tax Relief in New Markets Tax Credit Transactions; The Internal Revenue Service (IRS) and the U.S. Department of the Treasury provide tax relief to investors, taxpayers and businesses for new markets tax credit transactions….

IRS Outlines Changes to Health Care; New Rules for Health Care Spending Under CARES Act; The Internal Revenue Service (IRS) has advised that new rules should provide flexibility for health care spending under the CARES Act for COVID-19. As per…

Economic Impact Payments Belong To Recipients; The Internal Revenue Service (IRS) instructs nursing homes and other medical-care facilities not to request for Economic Impact Payments. As per the details, the IRS says that Economic Impact Payments belong to the recipients,…

Regulations for health care arrangements; The Internal Revenue Service (IRS) issues proposed regulations that address direct primary care (DPC) arrangements and health care sharing ministry memberships (HCSM). As per the details, individuals can get assistance related to the treatment of…

IRS Interest Rates Decreased of Third Quarter; The Internal Revenue Service (IRS) announced its taxpayers in United States that the interest rates will decrease for the third quarter of the year 2020. It means that for the calendar quarter beginning…

Employer Leave-Based Donation Programs announced by the the Internal Revenue Service (IRS). As per the details, the victims of the COVID-19 pandemic in the United States can get aid from IRS employer leave-based donation programs. The purpose of this program…

How Economic Impact Payments arrive? The Internal Revenue Service (IRS) is successfully delivering Economic Impact Payments across the nation. As the process continues, the IRS reminds taxpayers that some payments are being sent by prepaid debit card, contrary to the…

June 15 Tax Deadline Postponed; Tax deadline postponed for taxpayers who live and work abroad; The Internal Revenue Service (IRS) reminded people who live and work abroad that their tax deadline has been postponed. As per the details, tax deadline…

With very unfortunate stuff going out there in the world, the newly arrived pandemic, Coronavirus has lashed the entire globe on its knee. The break out of this virus has taken thousands of lives and still spreading at a rigorous...

State By State Figures For Economic Impact Payments; The U.S. Treasury Department and the Internal Revenue Service (IRS) issued the details of state by state figures for Economic Impact Payments for May 22, 2020. As per the details, most of the individuals…