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News2024-01-04T17:12:27+00:00

Funding the Government, Protecting Americans from Misuse of Data, Expanding Internet Access and Improving Recycling

April 1, 2024|Categories: Blog, Congress at Work|

Consolidated Appropriations Act, 2024 (HR 4366) – On March 9, the president signed the latest appropriations bill passed in time to halt a government shutdown. While this bill does authorize funding through the end of the fiscal year (Sept. 30), it only addresses six of the 12 bills necessary to fully fund the government. The recent

IRS Plans to Shake Up Leadership

January 1, 2024|Categories: Blog, Tax and Financial News|

The top leadership in the IRS is set to change. IRS Commissioner Daniel Werfel believes the changes are needed for the agency to meet its new goals. He aims to create greater flexibility and efficiency over the agency by streamlining internal processes. The changes also are needed, in his view, to adapt to the evolving landscape

Latest News From Our Blog

2111, 2020

PPP LOAN FORGIVENESS AND TAXES

November 21, 2020|Categories: Accounting, Featured|

The IRS released Rev. Rul. 2020-27, which holds that taxpayers should not deduct PPP funded expenses in the year the expense was paid or incurred regardless of whether the taxpayer has sought forgiveness on the loan.

2111, 2014

Tax Affect of Health Care Laws 2014

November 21, 2014|Categories: Accounting|

The Affordable Care Act, or health care law, contains health insurance coverage and financial assistance options for individuals and families. The IRS administers the tax provisions included in the law.

2009, 2014

Refund Loans & Anticipation Checks

September 20, 2014|Categories: Accounting|

At Joseph P. Norman CPA we do not offer any refund loans or similar products. We do not feel they are appropriate and the fees typically charged by preparers are exorbitant.

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