Author: admwot

The Omnibus Spending Bill has now been signed into law finalizing a five-year extension of the Work Opportunity Tax Credit (WOTC) program. The new expiration date for the program is December 31, 2025. The bill also extended the Federal Empowerment Zone...

The Department of the Treasury and the Internal Revenue Service (IRS) recently issued Notice 2020-23. In addition to other relief, the notice extends the due date for certain time sensitive acts specified in Revenue Procedure 2018-58, 2018-50 IRB 990....

As a result of the COVID-19 Pandemic, the treasury is moving Tax Day from April 15, 2020 to July 15, 2020. The IRS just released Notice 2020-18 providing additional details of this postponement, which: 1) Automatically postpones the due date for...