IRS Tax Tip 2020-127, September 28, 2020 Reconstructing records after a disaster is important for several reasons including insurance reimbursement and taxes. Most importantly, records can help people prove their disaster-related losses. More accurately estimated losses can help people get more recovery assistance like loans or grants. Whether it’s personal or business property that has … Continued

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 … Continued

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 … Continued

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 … Continued

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 … Continued

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 … Continued

Dec 23, 2019, 09:20am Robert FarringtonSenior Contributor Personal Finance I write about personal finance, college and student loan debt. Ready to get your taxes squared away and get your hands on your refund (and maybe avoid getting a tax refund loan)? It’s possible you’ll make some progress early on, but you need to make sure you … Continued

IRS Tax Tip 2019-170, December 4, 2019 Knowledge and awareness. Those two things can protect taxpayers and their family members from getting caught up in a phishing scam. A phishing scam is often an unsolicited email or a website that looks like a legitimate site designed to trick users. The scams convince people into providing … Continued