Blog Page 10 of 41 - Newport Beach Tax Attorney, Orange County/Irvine | Wilson Tax Law

11 Sep
2020
September 11, 2020

Tax Alert- California Excludes PPP Loan from Income but Disallows Necessary and Ordinary Business Expenses

California “will not tax” forgiven Paycheck Protection Program (PPP) loan amounts. For tax years beginning on and after January 1, 2020, California conforms to federal law […]
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11 Sep
2020
September 11, 2020

IRS Warns of Higher Penalties on Tax Returns Filed After September 14

The IRS warns taxpayers who have not yet filed their tax returns, that higher penalties will be imposed if they file after September 14. Further, taxpayers […]
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25 Aug
2020
August 25, 2020

California Victims of Wildfires Granted Tax Relief

The IRS has granted tax relief to the victims of wildfires that took place in parts of California on August 14, 2020. The affected taxpayers will […]
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25 Aug
2020
August 25, 2020

U.S. and Switzerland Enter into Competent Authority Arrangement

The competent authorities of Switzerland and the U.S. have entered into the following Competent Authority Arrangement regarding the implementation of the arbitration process provided for in […]
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