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The IRS is reminding taxpayers of several important dates for taxpayers to keep in mind for this filing season.

The SBA and Treasury have published updated PPP loan forgiveness guidance and forms, including a one-page application for borrowers that received a PPP loan of $150,000 or less.

Newly issued guidance from the SBA and Treasury details how PPP borrowers should calculate revenue reduction and maximum loan amounts for second-draw loans.

The Wisconsin Department of Revenue (DOR) is extending its customer service call center hours on Tuesdays and Thursdays for the remainder of January.

The IRS is reminding businesses to furnish new Forms 1099-MISC and 1099-NEC to most recipients by Feb. 1, 2021.

The AICPA has issued two Technical Questions and Answers (TQAs) that provide nonauthoritative guidance related to performing third-party assessment engagements.

Taxpayers subject to government fines and penalties received guidance on when those payments are deductible or not deductible under final regulations posted by the IRS.

Significant provisions of the federal Consolidated Appropriations Act, 2021, were not adopted into Wisconsin law and will affect the filing of 2020 Wisconsin tax returns, the DOR announced.

The IRS is delaying the start of the 2020 tax filing season to Feb. 12 to give the agency more time to prepare amid the ongoing COVID-19 pandemic.

All taxpayers who can verify their identities are now eligible for the Identity Protection PIN (IP PIN) opt-in program, the IRS recently announced.