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taxes

How to Protect Yourself From the ‘Dirty Dozen’ Tax Scams

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The Internal Revenue Service revealed on July 16, 2020, its yearly “Dirty Dozen” list of tax rip-offs. This year, the Dirty Dozen concentrated on rip-offs that target taxpayers, and stressed aggressive and developing plans associated with coronavirus tax relief, consisting of Economic Impact Payments (likewise referred to as tax stimulus payments). The crooks behind these …

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How Businesses Can Provide Tax-Free Financial Assistance to Employees

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By Kimberly Loocke, Eric Wall, Julia Riechert, and Richard D. Harroch In the wake of the COVID-19 pandemic and shelter-in-place orders, organisations are thinking about methods to help workers and other employees who are economically strained by the crisis. One tax-favorable and easy action is to make catastrophe relief help payments under Section 139 of …

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