Information reporting on Form W-2 or a separate statement allows self-employed taxpayers to claim qualified sick leave and qualified family leave equivalent credits.
Democrats’ sweeping reconciliation package is poised to include a bipartisan initiative to prevent abuses of a tax deduction that promotes conservation.
The IRS reports that its Transcript Delivery System is down for business taxpayers who reported information related to COVID-19 employment tax relief on Form 941, Employer’s Quarterly Federal Tax Return.
The proposal would raise tax rates for corporations and individuals and make many other changes to the Internal Revenue Code.
Mark Strimber of RSM US LLP provides an overview of the global minimum tax rule featured in the OECD/G-20’s two-pillar project and discusses the effect it could have on various tax regimes.
We'll tell you the latest on stimulus money and other relief aid going to individuals and families.