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Shimkus Warns Workers About Payroll Tax Deferral

WASHINGTON – Congressman John Shimkus (R, Illinois-15) today has a word of caution for workers and a reminder for non-tax filers related to recent federal actions.On August 8, President Donald Trump signed an executive order allowing employers to defer some Social Security payroll taxes... Read More.

Internal Revenue Service Wrapped Up the ‘Dirty Dozen’ List of Tax Scams for 2020; IRS Criminal Investigation and U.S. Attorney Office Urge Taxpayers to Watch Out for These Tax Scams

The Internal Revenue Service wrapped up 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. The Internal Revenue Service Criminal Investigation division and the U.S. Attorney’s Office for the Southern... Read More.
http://www.nancyjwintercpa.com/
 

Group Launches Against Progressive Tax

A statewide coalition of business groups is launching its push against the governor’s proposed progressive income tax. The proposed amendment to change the state’s flat income tax to a progressive structure with higher rates on higher earners is on the November ballot for voters... Read More.
https://www.osahme.com/
 

U.S. DEPARTMENT OF THE TREASURY, IRS AND THE U.S. DEPARTMENT OF LABOR ANNOUNCE PLAN TO IMPLEMENT CORONAVIRUS-RELATED PAID LEAVE FOR WORKERS AND TAX CREDITS FOR SMALL AND MIDSIZE BUSINESSES TO SWIFTLY RECOVER THE COST OF PROVIDING CORONAVIRUS-RELATED LEAVE

WASHINGTON, DC – Today the U.S. Treasury Department, Internal Revenue Service and the U.S. Department of Labor announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost... Read More.
https://retirenewharmony.com/charles-ford-hospice-in-harmony/