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Receiving tax notices? There is a significant backlog and incorrect notices are sent out

In the last weeks, we noted a significant increase in the notices received by our clients as there seem to be a backlog in the tax authorities. In some cases, the system automatically sends out a notice even if the documents and support was already provided to the tax authorities almost a year ago. Address

By |2021-01-05T10:47:40+00:00September 1st, 2020|Categories: Individuals|Tags: , , |

PPP – Expense deductibility supported by legislators

As expressed in our previous post titled " Deduction of PPP expenses? IRS Notice 2020-32 says no, but it might change " from May 2020, we mentioned that the legislators were planning to introduce legislation to allow the deductibility of expenses covered with PPP funds. After the IRS issued Notice 2020-32, several legislators commented that the IRS

By |2021-01-05T11:14:26+00:00August 4th, 2020|Categories: Business|Tags: , , , |
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