Background The Coronavirus State and Local Fiscal Recovery Funds (SLFRF) (Assistance Listing No. 21.027), which the U.S. Department of the Treasury (Treasury) administers, was part of the American Rescue Plan Act that delivered $350 billion to state, local, and tribal governments to help respond to and recover from the COVID-19 pandemic. Many recipients, including small …
The following podcast may be of interest to the nonprofit sector. The Uncharted Ground with SSIR Podcast Accessible at https://ssir.org/podcasts, the Uncharted Ground with SSIR podcast tells the stories of nonprofit and social entrepreneurs at the forefront of global development. This production of the Stanford Social Innovation Review takes you on their journeys to solve some of the …
By Payroll Update Staff The IRS released the final versions of the following 2023 Affordable Care Act (ACA) forms: (1) Form 1094-B, Transmittal of Health Coverage Information Returns; (2) Form 1094-C, Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns; (3) Form 1095-BForm 1095-B, Health Coverage; and (4) Form 1095-C, Employer-Provided Health Insurance Offer and Coverage. The forms do not contain substantive …
The IRS issued a warning to taxpayers about art donation schemes that are targeting high-income taxpayers. These schemes encourage taxpayers to buy art at a “discounted” price, frequently with added services from the promoter (shipping and setting up the appraisal). After the taxpayer waits over a year, they will then donate the art piece at …
by Patricia M. McDermott, Esq. The Louisiana Department of Revenue is granting automatic filing extensions to taxpayers whose primary residences, principal places of business, critical tax records, or paid tax preparers are located in parishes within the federal disaster declaration, which includes Jefferson, Orleans, Plaquemines, and St. Bernard Parishes, as a result of Mississippi River …
Louisiana Income Tax Return Filing Deadlines Extended Due to Seawater Intrusion Read More »
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