In response to practitioners’ questions about the filing and payment deadline extension the IRS posted 24 frequently asked questions to its website.

The IRS Clarifies the Temporary 100% Meal Deduction for 2021-2022

Under the Consolidated Appropriations Act, 2021, business expense deductions for Meals (normally limited to 50%) are temporarily allowed at 100% under specific rules.

WIDOR and IRS Update

The Treasury Department and Internal Revenue Service announced That the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.