Individuals, estates, and trusts that paid significant amounts of the 3.8% net investment income tax or the 0.9% additional Medicare tax in 2016 or later years should consider filing protective claims for refund of those...more
7/13/2020
/ Affordable Care Act ,
Capital Gains ,
Health Insurance ,
Income Taxes ,
IRS ,
Medicare ,
Royalties ,
Tax Cuts and Jobs Act ,
Tax Returns ,
Trump Administration ,
Trusts ,
U.S. Treasury
On April 9, 2020, the Internal Revenue Service (“IRS”) released Notice 2020-23, amplifying the coronavirus-related tax relief recently provided in Notices 2020-18 and 2020-20.
Notice 2020-23 automatically postpones...more
On March 25, 2020, the Internal Revenue Service (the “IRS”) released the People First Initiative as part of its ongoing effort to provide relief to taxpayers impacted by COVID-19. The People First Initiative grants taxpayers...more