The U.S. Department of Justice (DOJ) and the IRS’s Criminal Investigation division are warning taxpayers about a new wave of COVID-19-related scams. Officials with the DOJ and IRS spotlighted a number of scams, including:...

Read more

The IRS has updated its “Get My Payment” tool to include information on how the second Economic Impact Payments (EIPs) will be delivered to eligible individuals to provide COVID-19 relief. Here’s a question that...

Read more

As the second round of economic impact payments (EIPs) rolls out, eligible taxpayers may be able to help speed up the process. The IRS has updated its “Get My Payment” tool, which answers questions...

Read more

The IRS has offered clarification on the interaction of the COVID-19-related Employer Retention Credit (ERC) in acquisitions. Under the law, if an employer receives a Paycheck Protection Program (PPP) loan, it may not receive...

Read more

How should employers treat “vacation buy back” for tax withholding purposes? Some companies are offering employees the option of “cashing in” accrued vacation time because many are working remotely due to COVID-19. For payroll...

Read more

Beware: A new tax scam tricks people into disclosing bank account information under the guise of receiving a $1,200 Economic Impact Payment (EIP). “Criminals are relentlessly using COVID-19 and as cover to try...

Read more

Certain recipients of Economic Impact Payments (EIPs) may be eligible for extra money. Federal beneficiaries who received an EIP but didn’t register for a $500 supplemental payment per qualifying child may still sign up...

Read more