The IRS has proposed regulations interpreting significant changes made by the SECURE (Setting Every Community Up for Retirement Enhancement) Act to how inherited IRAs and other retirement accounts can be treated by their...more
Last week, the IRS issued additional guidance on the employee retention tax credit, including information regarding the expansion of the credit to certain wages paid during the third and fourth calendar quarters of 2021 and...more
This week, the IRS issued guidance for employers claiming the employee retention tax credit for the first two quarters of 2021.
Background: Changes Under December 2020 Stimulus Plan -
Detailed in a previous Gould &...more
The IRS announced late last week that the due date for filing 2020 federal individual income tax returns and making 2020 federal individual income tax payments is automatically postponed from April 15, 2021, to May 17,...more
Earlier this month, the IRS provided guidance for employers claiming the employee retention tax credit for 2020.
Changes Under December 2020 Stimulus Plan -
As detailed in a previous Gould & Ratner article on the...more