On Monday, September 13, 2021, the House Ways and Means Committee released a draft of its proposed tax legislation and a summary of the major provisions. The proposed legislation, if enacted, would push higher tax rates on...more
On March 17, the IRS granted taxpayers an automatic filing and payment extension of 2020 individual income tax returns to May 17, 2021. As of right now, this delay only applies to federal income tax filings for individuals,...more
In response to the COVID-19 pandemic, U.S. Treasury Secretary Steven Mnuchin has stated that all taxpayers and businesses will have until July 15, 2020, to file and make tax payments for tax year 2019 without interest or...more