The IRS recently announced that the federal income tax filing deadline for individuals for the 2020 tax year will be extended from April 15, 2021 to May 17, 2021. The deadline extension is meant to provide relief to taxpayers who are facing challenges due to the pandemic and to the IRS as it handles a […]
At the end of last year, the IRS announced its plans to ramp up small business audits by as much as 50% and by as early as February 2021. These plans come at a time when businesses’ books look even more complicated due to the pandemic and the numerous stimulus packages that have come with […]
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