Sandra O’Neill
Bowditch & Dewey LLP
Articles
2020 End of Year Tax Planning for Businesses
USA - October 28 2020 As the 2020 year draws to a close, businesses should review the tax-related provisions adopted in the CARES Act and related IRS guidance with their…
A Trap for the Unwary - IRS Denies Deductions for Expenses Paid with Forgiven PPP Loans
USA - September 3 2020 A central feature of the CARES Act, the Paycheck Protection Program (PPP), provided a lifeline to a multitude of small businesses during the early…
IRS issues guidance on Social Security tax deferral
USA - September 1 2020 On August 28, the IRS issued Notice 2020-65 to provide guidance on the President’s decision to allow deferral of the employee portion of Social…
Social Security Taxes Could Be Deferred for the Rest of 2020
USA - August 20 2020 Under the CARES Act passed on March 27, 2020, Congress allowed employers and self-employed workers to defer payment of their portion of Social…
IRS Reporting Requirements for Foreign Retirement Accounts
USA - August 12 2020 Section 6048 of the Internal Revenue Code requires reporting of a U.S. citizen or resident alien’s (a) transfers to a foreign trust, (b) annual…
