As the COVID-19 pandemic has wreaked havoc on our personal, financial and business lives, the government has responded with legislative and administrative relief. This is a high-level summary of some of the enacted measures...more
4/29/2020
/ 401k ,
Alternative Minimum Tax ,
Business Taxes ,
CARES Act ,
Charitable Donations ,
Coronavirus/COVID-19 ,
Corporate Taxes ,
Direct Payments to Families and Individuals ,
Disaster Relief Fund ,
Employee Retention ,
Employer Contributions ,
Individual Retirement Account (IRA) ,
IRS ,
Loan Forgiveness ,
Net Operating Losses ,
Paycheck Protection Program (PPP) ,
Payroll Taxes ,
Property Improvements ,
Rebates ,
Relief Measures ,
Required Minimum Distributions ,
Retirement Account Loans ,
Retirement Funds ,
Student Loans ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Relief ,
Tax Returns ,
Tax-Free Transfers ,
Time Extensions ,
Waivers
Congress enacted the Bipartisan Budget Act of 2015 (“BBA”) under which existing partnership audit rules have been replaced. The new BBA audit rules are broad and complex and effective for partnership tax returns filed for tax...more