A new safe harbor unveiled by the Internal Revenue Service and the Treasury Department lets employers exclude some items from their gross receipts when figuring if they are eligible for the Employee Retention Credit, or ERC.…

Read more about Gross Receipts Safe Harbor Now Available for Employee Retention Credit

Tax clients who had their student loans forgiven have even more cause for celebration this week.…

Read more about New Revenue Procedure Extends Discharged Loan Relief

Taxpayers interested in taking the section 199A qualified business income deduction (QBI) for their rental property will be happy to learn that the IRS announced a finalized safe harbor rule this week.…

Read more about Safe Harbor Clarifies QBI Deduction for Some Rental Properties

The Internal Revenue Service released a notice and final regulations clarifying a number of issues, including whether rental property would be considered eligible for QBI.…

Read more about IRS Clarifies Whether Rental Real Estate Qualifies for QBI