Category: IRS News

Executive Order Phases Out Paper Checks for Tax Refunds & Payments

by Courtney Healy

Cashflow

Under a new executive order effective September 30, 2025, tax refunds and tax payments will be required by federal law to be done electronically.

What does a government shutdown mean for tax filing obligations?

by Courtney Healy

government shutdown

As the start of tax filing season approaches, the possibility of a U.S. federal government shutdown could disrupt Internal Revenue Service (IRS) operations. In the meantime, here are a few considerations to keep in mind…

  • Posted in IRS News
  • Comments Off on What does a government shutdown mean for tax filing obligations?

Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline

by Courtney Healy

The Treasury Department and Internal Revenue Service announced on March 17, 2021 that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021.

IRS releases notice providing guidance on the deductibility of otherwise allowable business expenses when receiving a Payroll Protection Program loan

by jeffrey.hild@duganlopatka.com

The notice clarifies that no deduction is allowed for federal income tax purposes for business expenses that are traditionally deductible if the payment of the expense results in the forgiveness of a PPP loan.