National Taxpayer Advocate Service Warns of 2019 and 2020 Tax Trap for Refunds
June 3, 2021
To help taxpayers during the COVID-19 pandemic, the IRS postponed the 2019 tax return filing deadline from April 15 to
McCarthy Lebit
IRS Cryptocurrency Crackdown
May 27, 2021
I previously wrote an article on the taxation of cryptocurrency. It details the tax ramifications and tax treatment of cryptocurrency
Update On SBA’s $28.6 Billion Restaurant Revitalization Fund: Launch Date For Online Application Portal Announced
April 29, 2021
After sharing the Small Business Administration’s (SBA) draft application, and their program guide and sample application, we now have specific
Ohio Announces 2021 Back-to-School Sales and Use Tax Holiday
April 23, 2021
Ohio will once again provide back-to-school shoppers with an August sales tax holiday. The holiday will begin on Friday, August
SBA Announces Official Restaurant Revitalization Fund Application and Guidelines
April 23, 2021
Last week, I wrote about the Small Business Administration’s (SBA’s) draft application for the $28.6 billion Restaurant Revitalization Fund (RRF)
Restaurant Revitalization Fund Draft Application Released by the SBA
April 16, 2021
On March 11, the American Rescue Plan Act of 2021 (ARPA) created the $28.6 billion Restaurant Revitalization Fund (RRF) to
FEMA Offering Funeral Assistance to Families of COVID-19 Victims
April 13, 2021
The Federal Emergency Management Agency (“FEMA”) has a mission of helping citizens during times of disaster. COVID-19 has certainly been
Treasury, IRS Issues Guidance to Businesses About Temporary Food & Beverage Deduction Exception
April 9, 2021
On Thursday, the United States Department of Treasury and the IRS released guidance which temporarily allows businesses a full deduction
President Biden’s $2.24 Trillion Infrastructure Overhaul and Corporate Tax Proposal
April 7, 2021
Following its $1.9T COVID-19 relief bill, the Biden Administration released details of its next spending bill, the “American Jobs Plan,”
Update: Ohio Extends Tax Deadline to May 17th
March 18, 2021
The Internal Revenue Service (IRS) announced Wednesday that the deadline to file individual federal income tax returns for the 2020