Mardo, Lachapelle & Palumbo
Certified Public Accountants
The IRS issued a statement extending the tax season for Federal returns from its annual deadline of April 15th to July 15th. This extension brings some relief to the ones that owe money, but leave some confusion to the ones that have already filed, are waiting to file because they owe, or are expecting a …
Tax changes under the CARES Act On March 27, 2020, President Donald Trump signed into law a $2 trillion bipartisan Coronavirus Aid, Relief, and Economic Security Act, H.R. 748 CARES Act. This act includes a modification to the Internal Revenue Code (IRC) which was modified to provide economic relief to the people and businesses impacted …
On April 1, 2020, The Treasury Department and the IRS announced the distribution of the economic impact payments should begin within the next three weeks. No further action will be required for the Taxpayers who filed their 2019 personal return. The 2018 personal return will be used for the individuals who have not filed a …
