This week we’re covering some of the tax provisions proposed as part of the federal Build Back Better Act.
This week we’re covering more questions and answers regarding California’s new passthrough entity tax.
This week we’re covering when to consider filing an amended return following the IRS automatically correcting returns for taxpayers with unemployment income.
This week we’re covering the CalSavers program requirements and registration deadlines, because it’s important to understand how the program works to avoid major penalties for failure to comply.
This week we’re covering the net operating loss suspension for high-income taxpayers.
This week we’re covering the reenacted Main Street Hiring Credit for small businesses.
This week we’re covering some surprising guidance from the IRS on the Employee Retention Credit.
This week we’re looking at the changes to the recently released draft 1040 schedules.
This week we’re covering refunds the IRS is sending to taxpayers who received unemployment compensation and which taxpayers should file an amended return.
This week we’re covering the elective passthrough entity tax, which was enacted as part of the California budget deal.
This week we’re talking about what happens when a taxpayer changed residence during the three-year period for recognizing income from a coronavirus distribution.
This week we’re covering some IRS developments regarding collections starting up again and a new system for POA submissions.
This week we’re covering a recent appeal in which taxpayers tried to use the Bragg factors to end their California residency, but found it takes more than meeting a few factors to become a true nonresident.
This week we’re covering more AB 80 issues including amended returns and potential penalties.
This week we will be talking about President Biden’s proposed 2022 budget.
This week we will be talking about COBRA continuation coverage, and how it applies for individuals and employers.
This week we will be talking about the Ninth Circuit Court of Appeals’ decision to overturn the lower court’s AB5 injunction for truckers.
This week we’re covering the advanced Child Tax Credit and some considerations about these payments, which are starting later this summer.
This week we’re covering which forms need to be filed to help employers claim valuable tax credits, and some errors to watch out for when filing those forms.
This week we’re covering the IRS resuming the reporting of certain tax debts to the State Department, which can impact a taxpayer’s passport status.
This week, we’re covering the tax ramifications of moving out of state during the pandemic and working remotely from that new location.
This week we’re covering what happens to California subsidies, based on ARPA’s subsidy repayment forgiveness.
This week we’re covering superseding returns and some filing issues to be aware of.
This week we’re covering the PPP second draw loans available to certain businesses.
This week we’re covering California’s health care mandate, specifically how the penalties are applied and how to reconcile the subsidy payments on the return.