Today’s post is for owners and managers of healthcare facilities here in Texas and around the country. The healthcare sector is one of the indispensable industries in an advanced society. Millions of men and women are troubled with sickness, disease, injury, and the...
Robert
IRS to Recalculate Taxes for Unemployment Break
Legislation signed in March allows taxpayers who earned less than $150,000 in modified adjusted gross income to exclude unemployment compensation up to $20,400 if married filing jointly and $10,200 for all other eligible taxpayers. The legislation excludes only 2020...
Claiming the Employee Retention Credit in the First and Second Calendar Quarters 2021
IRS issued guidance for employers claiming the employee retention credit under the Coronavirus Aid, Relief, and Economic Security Act modified by the Taxpayer Certainty and Disaster Tax Relief Act of 2020. Notice 2021-23 explains the changes for the first and second...