COVID-19: IRS Provides Relief from Enforcement Actions

April 13, 2020 Mary Lee Miller EA, LLC   During the COVID-19 pandemic, the last thing you need is the IRS doing bad things, like auditing you or levying your bank account or wages.   But don’t worry—the IRS is pausing most of its collection and audit enforcement actions.   Installment Agreements   If you […]

CARE Act: New Rules for Retirement Withdrawals

Bradford Tax Institute April 2020 COVID-19: CARES Act Allows $100,000 Tax-Free IRA Grab and Repay   More Relief: Retirement Account Required Minimum Distribution Rules Suspended for 2020   The $2 trillion COVID-19 economic recovery bill finally made it through Congress and was signed into law by President Donald Trump on March 27.   The legislation […]

COVID-19: Tax Season Delayed Until July 15 – Wait or file now?

Mary Lee Miller EA, LLC April 1, 2020   COVID-19: Tax Season Delayed Until July 15 – Wait or file now?     As you know, the COVID-19 pandemic has shut down much activity in the United States.   The IRS decided to use its authority in a national emergency to postpone certain tax return […]

COVID-19: New SBA Loans for Small Businesses – Maybe a Great Deal

Mary lee Miller EA LLC April 3, 2020   Dear Client: The COVID-19 pandemic has upended all aspects of life around the world, including the world of business here in the U.S. If your business is struggling, you may be able to get some help from the federal Small Business Administration (SBA), which is authorized […]

Payment Deadline Extended to July 15, 2020

e-News for Tax Professionals March 18, 2020 Inside this Issue The Treasury Department and the Internal Revenue Service are providing special payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns remains April 15, 2020. The IRS urges taxpayers who are owed a refund to file as […]