IRS Defines Restaurant to Qualify for 2021-2011 100% Food & Beverage Deduction: See, Notice 2021-25, 2021-17 IRB; IR 2021-79, 4/8/2021 IRS Updates FAQ on Second Economic Impact Payments for example if it was lost, stolen, or you didn't receive...
Month: April 2021
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Worker identification number problems can be costly
The simplest mistakes pertaining to your business taxes can have severe implications that can leave you hit with enormous fines. These penalties can threaten you and your business with financial ruin. As stressful as that may sound, you shouldn’t let your fear...
Taxation of foreign income earned by U.S. citizens
More and more Americans are earning a significant portion of their income in foreign countries. Individuals who earn foreign income in 5- and 6-figure (or more) amounts are often concerned about whether this income is taxable in the United States. Citizens of foreign...