by Milton Howell, CPA | Jun 8, 2022 | Healthcare, News, Tax Watch
WHAT IS IT? Under Obamacare (The Patient Protection and Affordable Care Act of 2010, or the “ACA”) a PCOR fee is applied to certain health plans. PCOR stands for “Patient Centered Outcomes Research.” A PCOR fee applies annually for 1/1/2013 through 12/31/2021. WHO HAS...
by Mason Barringer, CPA, CFE | May 10, 2022 | Hospitality & Restaurants, Tax Watch
The American Rescue Plan Act of 2021, signed into law on March 11, 2021, by President Biden, is a $1.9 trillion economic stimulus package enacted to assist with the United States’ recovery from the COVID-19 pandemic. While this Act addressed many key elements,...
by DMJPS PLLC | Mar 17, 2020 | News, Tax Watch
March17,2020 Individual and certain corporate tax returns are due April 15. In the past, even if an extension was obtained, any projected tax owed had to be paid at that time or late payment penalties and interest would be assessed. On March 17, 2020 the IRS announced...
by Caren Rodriguez | Mar 4, 2020 | Tax Watch
If you own a home, the interest you pay on your home mortgage provides a tax break. However, many taxpayers believe that any interest paid on their home mortgage loan is deductible. Sadly, they’re wrong. With the 2019 tax returns due next month, it is a good...
by DMJPS PLLC | Feb 10, 2020 | Tax, Tax Consulting, Tax Watch
The passage of the Tax Cuts and Jobs Act of 2017 (TCJA) created additional opportunities for taxpayers to choose the cash method of accounting as the definition of a small business taxpayer. For 2019, small business taxpayers are taxpayers (other than a tax...
