Justice Tax, LLC enforces ethics and accountability through NAEA membership For Immediate Release: October 5th, 2020 The NAEA (National Association of Enrolled Agents) is a membership-based organization that emphasizes ethics and accountability in the Enrolled Agents community. The NAEA expects all of their members to abide by a strict code of conduct in their business…

Justice Tax, LLC Expands Offices To South Carolina For Immediate Release: July 14th, 2020 Justice Tax, LLC, a leader in the tax resolution industry, answered the strong demand for its tax resolutions services by opening a new office in Myrtle Beach, South Carolina. The new location will allow Justice Tax, LLC, to accommodate rapid growth…

With keeping in view the disruptions caused by the Coronavirus pandemic, the IRS has extended the Continuity Safe Harbor applicable to renewable energy production tax credit (PTC) and investment tax credit (ITC). This gives renewable energy developers more time to complete their projects. The IRS notice also provides a 3½ Month Safe Harbor for services…

With the coronavirus pandemic still raging on, taxes might not be on the top of your mind. However, this might be the best time to look for financial benefits that can ease some of your burdens during these challenging times. The coronavirus crisis has impacted our financial institutions and the IRS as well. That is…

The coronavirus pandemic has caused the IRS to delay its report to the Congress regarding reforms in the agency. Presently, the IRS has its hands full with sending out coronavirus stimulus checks, processing returns, and issuing refunds. A few weeks back, the tax agency had to recall 10,000 employees from the office for “mission-critical functions”…

Employee Retention Tax Credit (ERTC), or Employee Retention Credit, is a refundable tax credit that allows employers to reduce their employment taxes. Considering the struggle many small and medium-sized businesses are facing due to the Coronavirus pandemic, this tax credit is an effort to provide some financial relief to them. Employers whose employment tax deposits…

The IRS has announced that the agency will suspend most collection activities starting March 30, 2020, till July 15, 2020. The IRS is struggling with managing many of its essential services during the coronavirus pandemic. With the tax filing extended until July 15, 2020, the IRS will need to concentrate its efforts on processing returns…

The Paycheck Protection Program (PPP) of the U.S. Small Business Association (SBA) is a loan that helps businesses retain their employees during the coronavirus pandemic. SBA is forgiving loans of those employers who keep all their employees on the payroll for eight weeks and use the money for payroll, rent, mortgage interest, or utilities. According…

Stimulus checks have reached millions of Americans and more are underway. Most people are spending this money on essentials such as food and paying bills. The question that many of those who received stimulus payments are asking is – Are these stimulus checks taxable? The answer is no. Stimulus payments you receive are not counted…

The U.S. Supreme Court agreed to hear the case of CIC Services vs. the IRS, where CIC Services had challenged the IRS notice 2016-16 on its micro-captive transactions where the IRS had identified certain micro-captive transactions as having potential for tax evasion or avoidance. The IRS had also labelled these as “transactions of interest” reportable…

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