PPP Loan Forgiveness Application Deadline Clarified
The Treasury Department and the Small Business Administration issued updated Frequently Asked Questions (FAQs) on October 13, 2020, regarding the Paycheck Protection Program (PPP). This was a follow u...
No Information Reporting for Qualifying PPP Loan Forgiveness
The IRS has notified lenders to not file information returns or furnish payee statements under Code Sec. 6050P to report the amount of qualifying forgiveness for covered loans made under the Paychec...
Deadline for Faxing Forms 1139 and 1045
The IRS has added an FAQ on the timing for ending the temporary procedures that allow Form 1139, Corporation Application for Tentative Refund, and Form 1045, Application for Tentative Refund, to be ...
IRS Reminds Taxpayers to Check Tax Withholding
The IRS has reminded taxpayers that now is the perfect time to review their tax withholding and payments to avoid surprises while filing next year. An adjustment or two made now may boost take home pa...
Webpage Helps Owners Navigate Tax Steps When Closing Business
The IRS has launched a redesigned page on its website to help business owners navigate the federal tax steps when closing a business. The IRS has streamlined the "Closing a Business" page into sim...
IRS Updates Electronic Filing Requirement for Form 1040-NR
he IRS has removed Form 1040-NR, U.S. Nonresident Alien Income Tax Return, from the list of returns that are administratively exempt from the electronic filing requirement imposed on specified tax re...
Providing tax and accounting services for individuals, fiduciaries, and closely-held companies.
Located in Ann Arbor, MichiganOffice Phone (734) 994-7500.----------------------------------------------------------------As the upcoming tax season approaches and the COVID-19 health crisis continues, we are asking for your help in keeping ourselves, our staff, and our clients safe. We will have as many staff as possible working from home, but we will have partners and our administrative staff in the office. In order to minimize the risk to us and to you, we are emphasizing the delivery of tax information to our office either by email, mail, or by other carriers such as UPS and Federal Express. We will also have a secure drop box on the first floor of our building. This will be accessible Monday through Friday 6 a.m. to 6 p.m. If you absolutely must meet in person, contact us and we will arrange to meet in our office annex, outside (weather permitting), or at your home. If you come into our building, please wear a mask and use the hand sanitizer dispensers, which are located on each floor of the building.
