Articles
- IRS Extends Economic Impact Payment Deadline To Nov. 21 To Help Non-Filers
WASHINGTON – The Internal Revenue Service announced today that the deadline to register for an Economic Impact Payment (EIP) is now Nov. 21, 2020. This new date will provide an additional five weeks beyond the original deadline. The IRS... read more
- IRS Announces Transition Relief Related to Health Coverage Reporting Required by Sections 6055 and 6056 for 2020
Notice 2020-76 extends the due dates under sections 6055 and 6056 from January 31, 2021, to March 2, 2021, for insurers, self-insuring employers, applicable large employers, and certain other providers of minimum essential coverage to furnish... read more
- IRS Issues Final Regulations For Achieving A Better Life Experience Accounts
WASHINGTON — The Internal Revenue Service posted to IRS.gov final regulations today for Achieving a Better Life Experience (ABLE) accounts. The regulations issued today finalize two previously issued proposed regulations. The first... read more
- Deadlines To Register For An Economic Impact Payment Are Just Around The Corner
Federal benefit recipients who don’t normally have a filing requirement but do have qualifying children must register by Wednesday, Sept. 30 to receive a $500 catch-up payment per child. Other non-filers have until Thursday, Oct. 15 to... read more
- Hackers are Seeking Easy Targets: Protect Your Business from Phishing and COVID-19 Threats
by JON POWELL, CISA, CPA/CITP, CHRIS ARNONE, CPA AND JOURNET GREENE, CISA That moment you thought would never come has just arrived. Your company's systems have been compromised, and hackers have stolen a significant amount of money. As you race... read more
- IRS Releases Guidance On CCH Outage
During the September 15 tax deadline CCH experienced a widespread outage preventing many from completing necessary steps to make the deadline. The IRS has released guidance stating, "On September 1, 2020, the IRS updated its procedures on the... read more
- The COVID-19 Office: What Does It Look Like?
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By: Natalie Rooney What does your workspace look like these days? Are you back in the “peace and quiet” of an office routine? Are you still working from home in your jammies while trying to homeschool? GSCPA members share their plans... read more
- GDOL Scheduled to Release First Round of LWA Payments
SEPTEMBER 10, 2020 Atlanta, GA - The Georgia Department of Labor (GDOL) announced that claimants who qualify for the Lost Wages Assistance (LWA) program will be issued their first round of supplemental payments by early next week for the first... read more
- IRS Releases 2020-2021 Special Per Diem Rates
Notice 2020-71 announces the special per diem rates effective October 1, 2020, which taxpayers may use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home. This notice provides the... read more
- IRS Highlights Higher Penalties For Some Tax Returns Filed After Sept. 14
WASHINGTON — The Internal Revenue Service today urged individuals who owe taxes but have not yet filed for 2019 to act now to avoid larger penalties that, by law, start after Sept. 14. The tax deadline was July 15 this year. Taxpayers... read more