IRS Accepting Applications for TCE and VITA grants; The Internal Revenue Service (IRS) has started to accept applications for the Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grant programs. TCE and VITA programs by the…
IRS Accepting Applications for 2021 for Low Income Taxpayer Clinics Grants; The Internal Revenue Service (IRS) has started accepting 2021 LITC Grant applications throughout the United States. For calendar year 2021, the application period for Low Income Taxpayer Clinic grants…
Act By May 13 To Get Quicker Economic Impact Payment; The Internal Revenue Service (IRS) and the Treasury Department urge people to use Get My Payment by noon Wednesday, May 13, 2020, for a chance to get a quicker delivery of…
Children to Receive Full Economic Impact Payment; VA, SSI Recipients To Receive Full Economic Impact Payment $500 per eligible child; The Internal Revenue Service (IRS) made special alert for numerous groups of federal benefit recipients including VA, SSI recipients with…
Cross Border Tax Guidance Regarding Coronavirus-Related Travel Disruptions; The U.S. Treasury Department and the Internal Revenue Service (IRS) issue guidance that provides relief to individuals as well as businesses affected by travel disruptions arising from the COVID-19 emergency. Cross-border guidance…
Deferment Of Duties And Fees For U.S. Businesses; The U.S. President, Donald J. Trump, signed an Executive Order to provide Coronavirus relief to certain businesses and importers in the United States. The Executive Order authorizes the Secretary of the Treasury…
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 the first three weeks. As per the details, 88…
UBTI Silo Rules; Guidance for Tax-Exempt Organizations; The U.S. Treasury Department and Internal Revenue Service (IRS) today issued proposed regulations for unrelated businesses income for tax-exempt organizations under the Tax Cuts and Jobs Act (TCJA). The proposed guidance for tax-exempt organizations covers…
Updates to Get My Payment App; The Internal Revenue Service (IRS) and the U.S. Treasury Department announced significant enhancements to the “Get My Payment” online application tool for receiving Economic Impact Payments. The updates and enhancements are made for delivering…
Outsourcing has become an integral part of modern business. In the interest of time, cost, and efficiency, businesses have, for long, been outsourcing common operation tasks to other more capable organizations. For instance, in the case of accounting operations, it…