M + O = CPE Inc.

New York State has announced that it will also extend the state income tax due date to May 17, 2021. See https://www.mocpe.com/new-york-filing-due-date-moved/

The Commissioner of the IRS announced that taxpayers who already filed their 2020 returns do not have to amend 2020 returns to receive the benefit of the exclusion of unemployment compensation. See https://www.mocpe.com/no-amendments-for-unemployment/

The Commissioner of the IRS announced that the due date for 2020 income tax returns for estates, trusts and corporations remains April 15, 2021. See https://www.mocpe.com/no-extension-for-estates-trusts-and-/

The IRS has delayed the filing due date for 2020 returns and payments for the 2020 tax year until May 17, 2021. See https://www.mocpe.com/federal-filing-due-date-moved-2/

The IRS has issued guidance on reporting the exclusion of unemployment benefits. See https://www.mocpe.com/reporting-the-unemployment-exclusion/

M+O=CPE Inc. Individual Tax Year-End Workshop Master the Monumental Tax Changes for 2020. Seminar this Thursday: December 10, 2020. Seminars also on: January 7, 2021, and January 14, 2021. Go to www.mocpe.com to register.

New Form IT-558, New York State Adjustments due to Decoupling from the IRC, will be required to report adjustments due to New York State decoupling from certain federal law changes. See https://www.mocpe.com/new-form-for-nys-decoupling-from-fed/

New Form 1099-NEC replaces Form 1099-MISC for reporting nonemployee compensation for the 2020 tax year. See https://www.mocpe.com/new-form-1099-nec/

M+O=CPE Inc. Individual Tax Year-End Workshop Master the Monumental Tax Changes for 2020. First seminar this Thursday, December 3, 2020. Seminars also on: December 10, 2020, January 7, 2021, and January 14, 2021. Go to mocpe.com to register.

The IRS has announced that it is deferring the effective date of the lower threshold for required electronic filing of Forms W-2 and 1099. See https://www.mocpe.com/postponement-of-1099-and-w2-e-file-r/

New Form 8915-E, Qualified 2020 Disaster Retirement Plan Distributions and Repayments, will be required to report COVID-19 distributions from retirement accounts. See https://www.mocpe.com/new-form-for-covid-19-retirement-acc/

The threshold for required electronic filing of Forms W-2 and 1099 has been lowered to 100 forms for the 2020 tax year. See https://www.mocpe.com/1099-w2-e-file-requirement/