by GPwebsiteV3! | Mar 25, 2021 | Covid-19, GP Articles, Tax
The American Rescue Plan Act (ARPA) signed into law earlier this month by President Biden made significant temporary enhancements to the child tax credit (CTC). These enhancements temporarily expand the eligibility for, and the amount of, the child tax credit (CTC)...
by GPwebsiteV3! | Jul 10, 2020 | GP Articles, Tax, Tax Reform
Later this year, the US Supreme Court will deliberate on a case that could potentially lead to the Affordable Care Act (ACA) and its associated taxes being found retroactively unconstitutional. If the Court does find the ACA unconstitutional, taxpayers may be entitled...
by GPwebsiteV3! | Mar 19, 2020 | Covid-19, IRS, Tax
The IRS issued Notice 2020-17 on Wednesday, extending the April 15 income tax payment deadline for many to July 15, 2020. The tax return filing deadline was not extended by this notice. Details may be found in the link below: ...
by GPwebsiteV3! | Mar 4, 2019 | IRS, Tax
With major tax reform changes impacting most taxpayers, the IRS has released a guide along with other online resources explaining the effects both this year and in the years to come. For more information, visit the link below:...
by GPwebsiteV3! | Feb 11, 2019 | GP Articles, Tax, Tax Reform
Section 199A (also known as “the qualified business income deduction” or “the 20% passthrough deduction” or “the monster that stalks my dreams”) hit the news again a few weeks back with the publication of final regulations – and related materials – by the IRS. Sure,...
by GPwebsiteV3! | Jan 21, 2019 | IRS, Tax
The IRS recently announced that it will be waiving the penalty fee for taxpayers who paid at least 85 percent of their total tax liability during the year through income withholdings, estimated payments, or a combination of the two. For more information, please visit...
