IRS Child Tax Credit Payments Begin July 2021

What is the IRS Child Tax Credit? Beginning in July, the IRS will be sending letters to over 36 million families. These letters will explain how they may

IRS Provides Relief for Acceleration of CARES Tax Benefits for BBA Partnerships

The IRS has just issued Revenue Procedure 2020-23. It intends to address a problem caused by some tax changes under the CARES Act for partnerships.┬áIt provides relief permitting partnerships to obtain the benefit of the new tax provision more quickly. What is the CARES Act? The CARES Act includes a number of new tax deductions.They… Continue reading IRS Provides Relief for Acceleration of CARES Tax Benefits for BBA Partnerships