Jason Alan Harvill, CPA

08/01/2022

Businesses that use LIFO (last-in-first-out) accounting for tax and GAAP purchases could get hit with an unexpected tax bill as a result of supply chain snags.

02/08/2022

A new tax rule is coming into effect in 2022, Reports state that the new tax rule in due to a small change within the American Rescue Plan Act of 2021.

01/04/2022

https://www.cnbc.com/2022/01/03/families-who-got-the-child-tax-credit-need-to-look-out-for-this-letter.html

The IRS will be sending Letter 6419, which shows how much families received in advanced child tax credit payments, in January.

03/18/2021

Tax Day changed to May 17th.

IR-2021-59, March 17, 2021 — The Treasury Department and Internal Revenue Service announced today 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.

12/03/2020

You might want to check with your tax advisor regarding PPP loan expenses.

The IRS issued guidance for taxpayers who pay otherwise deductible expenses with PPP loan funds, stating that even if the payment and PPP loan forgiveness happen in different tax years, the expenses are not deductible.

05/11/2020

This may provide tax relief for business owners.

A bipartisan group of lawmakers introduced legislation Wednesday to enable small businesses to deduct their expenses even if they have received a loan from the federal government’s Paycheck Protection Protection Program that was later forgiven.

04/15/2020

The IRS has an app for checking the status of individual stimulus checks.

The Internal Revenue Service started sending out stimulus payments this week -- but while 80 million people can expect the money to hit their bank accounts by Wednesday, others will be waiting longer before the cash is in their hands.

04/01/2020

Contact for free initial virtual tax consultation.

Find Local Deals on Nextdoor, the neighborhood hub.

03/23/2020

The firm's clients can submit documents through the client portal from the convenience of their homes and businesses. Web conference meetings are also available.

As the US grapples with the rapid spread of the novel coronavirus that has the health care system at a tipping point, a growing number of states are ordering their residents to stay at home.

03/20/2020

The deadline change is important to note.

The Trump administration will push the income tax filing date to July 15 from April 15, Treasury Secretary Steven Mnuchin said Friday in a tweet.