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2022 Tax Update

2022 tax update and important information

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Hurricane Ian Relief

The IRS announces taxpayer relief for Florida

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IRS Announces Late Penalty Relief for 2019 & 2020 Returns

IRS Announce Late Filing Penalty Relief for 2019 & 2020 Returns

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2021 Tax Update

2021 Tax Update - November 17, 2021

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Consolidated Appropriations Act 2021

New tax legislation for stimulus, extenders and additional PPP loans.

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Update on COVID-19 legislation in Congress.

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SBA Paycheck Protection Program

The CARES Act expends SBA Loans with the Paycheck Protection Program.

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On March 27, 2020 Congress and the President pass the CARES Act.

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Coronavirus Relief

The Families First Coronavirus Act provides relief to employees and employers.

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New Question on Draft of 2019 1040

IRS asks about virtual currency on draft of 2019 Form 1040.

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IRS Sending Letters to Virtual Currency Owners

If you own virtual currency the IRS may be contacting you.

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Florida Legislature Update

The Florida Legislature approved the following: Sales tax on commercial rental real estate will be 5.5% effective January 1, 2020. Sales tax holiday for disaster supplies will be May 31, 2019 – June 6, 2019. Sales tax holiday on school supplies will be August 2, 2019 – August 6, 2019.

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