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Who Is IRS Aiming At In Recent Partnership Notice?

Who Is IRS Aiming At In Recent Partnership Notice?

If you ever receive a K-1 from a partnership, send it to your accountant without looking at it and expect that your accountant is tracking things thoroughly, pay attention. If you do your own return, pay even closer attention. IRS efforts to tighten up partnership...

Paycheck Protection Loan Forgiveness Just Got Easier

The Senate has approved H.R. 7010 – Paycheck Protection Program Flexibility Act of 2020. The bill passed the House on May 28th. The Paycheck Protection Program provided businesses with forgivable loans to cover payroll and other expenses. It was part of the...