Revised 941-X with COVID-19 Tax Credits Due Out Mid-to-Late September
The IRS has confirmed during its monthly payroll industry telephone conference call on August 6 that a revised version of Form 941-X (Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund) with the COVID-19 tax credits will be issued in mid-to-late September 2020. In response to the COVID-19 health emergency, the Families First Coronavirus
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IRS Releases – Leave Sharing Plans Frequently Asked Questions
Q1. May employers set up a leave-sharing plan under IRS Notice 2006-59 (PDF) that permits employees to deposit leave in an employer-sponsored leave bank for use by other employees who have been adversely affected by the COVID-19 pandemic? A1. Yes. Notice 2006-59 provides guidance on the federal tax consequences of certain leave-sharing plans that permit
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DOL Updates COVID-19 Related FAQs on the FLSA, FMLA, and FFCRA
Please follow link to get most up to date info https://www.dol.gov/newsroom/releases/whd/whd20200720-0
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APA extends fall exam window for CPP/FPC
The APA’s fall exam window has been extended and is open from September 5 – November 7, 2020. Candidates will be tested on laws and regulations in place as of January 1, 2020.
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IRS unveils “Dirty Dozen” list of tax scams for 2020; Americans urged to be vigilant to these threats during the pandemic and its aftermath
IR-2020-160, July 16, 2020 WASHINGTON — The Internal Revenue Service today announced its annual “Dirty Dozen” list of tax scams with a special emphasis on aggressive and evolving schemes related to coronavirus tax relief, including Economic Impact Payments. This year, the Dirty Dozen focuses on scams that target taxpayers. The criminals behind these bogus schemes
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