by Lisa Monk & Associates LLC | Jun 12, 2020 | Tax Tips and News
The American Institute of CPAs (AICPA) has requested the Internal Revenue Service “address the use of electronic options to interact with the IRS and electronically file income tax returns.” The request comes in a letter the AICPA filed with the IRS recently. It...
by Lisa Monk & Associates LLC | Jun 11, 2020 | Tax Tips and News
If any of your clients are one of the 4 million filers set to receive their Economic Impact Payment as a Visa prepaid debit card, they may be interested in one of the latest Internal Revenue Service press releases. The announcement covers a number of topics related to...
by Lisa Monk & Associates LLC | Jun 9, 2020 | Tax Tips and News
Individual taxpayers and corporations have some extra breathing room for paying their 2020 estimated taxes. The IRS reminds individuals and corporations alike that the estimated tax payments normally due on April 15 and June 15 have been pushed back to July 15,...
by Lisa Monk & Associates LLC | Jun 8, 2020 | Tax Tips and News
The American Institute of CPAs (AICPA) is encouraging small businesses to apply for Paycheck Protection Program (PPP) loans ahead of the June 30th deadline. The Institute sees the recently signed PPP Flexibility Act as a “critical, positive step for small business and...
by Lisa Monk & Associates LLC | Jun 5, 2020 | Tax Tips and News
The Internal Revenue Service is temporarily allowing taxpayers who participate in certain retirement plans—or their beneficiaries—to make participant elections electronically. Normally, signatures of the individual making the election have to be witnessed in the...
