On March 25, 2020, the Internal Revenue Service announced steps to help people facing the challenges of COVID-19 issues. The IRS refers to this program as the People First Initiative, and we have summarized its key provisions in this post.
Without a dedicated tax specialist or easy to use tax software, doing your own taxes accurately can sometimes be nearly impossible. This can sometimes get you in trouble with the IRS. This blog goes over what IRS tax laws are before you file your tax return.
This checklist can help wrap up your annual business activities. Diligent record keeping is a good proactive measure to prepare for the possibility of a future audit by the IRS.