notice

Home|Tag: notice

Received a CP59 IRS notice for non filing 2019 return? IRS has not caught up processing yet

The IRS sent earlier February notices to around 260,000 taxpayers as they have not filed their 2019 federal tax return. However, the IRS has not yet processed all 2019 returns so it is asking to disregard this letter. Keep in mind that certain IRS processes are taking significantly longer than expected, so please, review the

By |2021-03-02T04:26:18+00:00March 2nd, 2021|Categories: Individuals|Tags: , , , |

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: , , , |
Go to Top