The IRS released Rev. Proc. 2020-29, temporarily allowing the electronic submission of requests for letter rulings, closing agreements, and other advice.
On Monday, North Carolina enacted new legislation providing a tax credit for Unemployment Insurance Fund contributions made on or before April 30, 2020.
If you have received or may receive a PPP loan, you should consider how the use of the loan proceeds may impact your ability to take a deduction for certain expenses on your 2020 tax return.
Learn more on DCAA procedures for labor interviews and floor checks to determine the basic differences, and why the Agency may perform one versus the other.
Learn more on the Fiscal Year (“FY”) 2020 National Defense Authorization Act (“NDAA”) which contains several sections impacting government contracting.
As Partner in Tax Services, Amber Teague provides tax compliance and consulting services, focusing on high net-worth individuals, partnerships and S-Corporations.
Learn more on two tax incentives: the IC-DISC and FDII, offered to encourage companies to expand domestic operations by selling goods and services abroad.