New COVID-19 Law Makes Favorable Changes To “Qualified Improvement Property”

The law providing relief due to the Coronavirus (COVID-19) pandemic contains a beneficial change in the tax rules for many improvements to interior parts of nonresidential buildings. This is referred to as qualified improvement property (QIP). You may recall [...]

By |2020-04-20T17:57:32-04:00April 20th, 2020|Categories: Blog, COVID-19, Tax|Tags: , , , |Comments Off on New COVID-19 Law Makes Favorable Changes To “Qualified Improvement Property”

Adjusting Your Financial Statements For COVID-19 Tax Relief Measures

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, contains several tax-related provisions for businesses hit by the novel coronavirus (COVID-19) crisis. Those provisions will also have an impact on financial reporting. Companies [...]

By |2020-04-17T20:11:01-04:00April 17th, 2020|Categories: Audit, Blog, COVID-19|Tags: , , |Comments Off on Adjusting Your Financial Statements For COVID-19 Tax Relief Measures

Tax Relief Available For California Fire Victims

Victims of wildfires ravaging parts of California in Butte, Los Angeles and Ventura counties can qualify for tax relief under the federal government’s major disaster declaration for the state, the Internal Revenue Service. The emergency declaration will give residential [...]

By |2019-03-11T20:28:14-04:00November 16th, 2018|Categories: Blog, Gregory C. Brown, Tax|Tags: , , , |Comments Off on Tax Relief Available For California Fire Victims

IRS Gives Tax Relief to California Fire Victims

IRS Gives Tax Relief to California Fire Victims  The IRS has announced that individuals and businesses affected by the fires in California now have until January 31, 2018 to file certain tax returns and make certain payments. There are [...]

By |2017-10-13T17:19:40-04:00October 13th, 2017|Categories: Blog, Monic Ramirez, Tax|Tags: , , |Comments Off on IRS Gives Tax Relief to California Fire Victims

Disaster Relief for Taxpayers

Taxpayers Offered Relief After Slew of Disasters Due to multiple natural disasters hitting the United States in recent weeks, several measures have been taken to offer much needed tax relief to those affected. Special tax considerations have been issued [...]

By |2017-10-11T12:15:54-04:00October 11th, 2017|Categories: Blog, Monic Ramirez, Tax|Tags: , , |Comments Off on Disaster Relief for Taxpayers