Once it enters into force, the USMCA will replace NAFTA.  Since many U.S. tax treaties make reference to NAFTA, it was unknown if this would cause any issues with these provisions, and despite a [...]

Between the Tax Cuts and Jobs Act and the coronavirus, there have been many unique tax situations lately.  It was only a matter of time before these started to interact and cause problems.  As [...]

Many U.S. international tax laws are determined based on time spent in or out of the U.S., as well as what type of activities and the amount of activities performed in the U.S.  With the [...]

Today, IRS Notice 2020-23 widely expanded the coronavirus extensions and clarified some very key issues.  In general, most, if not all, tax returns, payments, and elections that are due from [...]

The Franchise Tax Board has updated its Coronavirus FAQ page with the following information: The Recovery Rebate Payments from the IRS are not taxable in California The additional $600/week of [...]

In addition to previously extending the tax return deadline, California has announced several other key tax matters that will have extended time due to the coronavirus.   Claim for Refund [...]

The largest economic bailout in U.S. history contains several tax provisions.  The recovery rebates are well known, but here are some of the other important tax items: Recovery Rebates – Click [...]

The California tax deadline has been extended from April 15 to July 15 for all individuals and businesses regarding: 2019 tax returns and payments 2020 1st and 2nd quarter estimated tax payments [...]

The IRS has issued an FAQ to clarify rules regarding the extension of the tax deadline from April 15 to July 15.  The entire release can be seen by clicking here, but below is a summary of some [...]

Amid the Coronavirus crisis, the IRS has issued a set of initiatives to help taxpayers.  They range from very helpful to nominal, but the IRS has stated there is more guidance and measures coming [...]