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IRS sends Taxpayer First Act Report to Congress

Monday, January 11, 2021
WASHINGTON — The IRS today sent the Taxpayer First Act Report PDF to Congress, a comprehensive set of recommendations that will reimagine the taxpayer experience, enhance employee train ..

Eligible Paycheck Protection Program expenses now deductible

Friday, January 08, 2021
WASHINGTON — The Treasury Department and the Internal Revenue Service issued guidance PDF today allowing deductions for the payments of eligible expenses when such payments would resul ..

IRS revises Form 1024-A, application for Section 501(c)(4) tax-exempt status as part of ongoing efforts to improve service

Tuesday, January 05, 2021
WASHINGTON — As part of ongoing efforts to improve service for the tax-exempt community, the Internal Revenue Service issued the revised Form 1024-A, Application for Recognition of Exem ..

Treasury, IRS provide relief for those developing renewable energy projects offshore or on federal land

Monday, January 04, 2021
WASHINGTON –The Treasury Department and the Internal Revenue Service today issued guidance PDF providing an extension of the safe harbor for taxpayers developing renewable energy projects off ..

IRS issues standard mileage rates for 2021

Tuesday, December 22, 2020
WASHINGTON — The Internal Revenue Service today issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitabl ..

Year-end reminder: Expanded tax benefits help individuals and businesses give to charity during 2020

Monday, December 21, 2020
WASHINGTON – The Internal Revenue Service today explained how expanded tax benefits can help both individuals and businesses give to charity before the end of this year. The Coronavirus A ..

Treasury and IRS issue final regulations on the deduction for qualified transportation fringe and commuting expenses

Thursday, December 10, 2020
WASHINGTON — The Treasury Department and Internal Revenue Service issued final regulations on the deduction for qualified transportation fringe and commuting expenses following changes  ..

IRS has begun sending letters to taxpayers that may need to take action related to Qualified Opportunity Funds

Wednesday, December 09, 2020
WASHINGTON — The Internal Revenue Service has started sending letters to taxpayers that may need to take additional actions related to Qualified Opportunity Funds (QOF). Taxpayers w ..

Get Ready for Taxes: What’s new and what to consider when filing in 2021

Tuesday, December 08, 2020
WASHINGTON — The Internal Revenue Service today encouraged taxpayers to take necessary actions in the final weeks of the year to help file federal tax returns timely and accurately in 2 ..

Employers: Remember February 1, 2021 deadline for Form W-2, other wage statements

Friday, December 04, 2020
The Internal Revenue Service today reminded employers that they must file Form W-2 and other wage statements by February 1, 2021, to avoid penalties and help the IRS prevent fraud. A 2015 law  ..
 

Advocates of Love Charity

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Advocates of Love is the only children’s home to help orphan and vulnerable children in the Samana Province, Dominican Republic. Founded by Mike Clark in 2013, this charity has provided care and eduction for children in one of the most povery stricken areas.

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Alliance Tax Solutions, LLC, Accountant, Atlanta, GA