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The IRS has postponed the April 15, 2021 deadline for individual taxpayers to May 17, 2021.  This covers both the tax return itself (Form 1040) and the payment of any 2020 balances due. Minnesota has also pushed back the due date until May 17 for individual taxpayers. In addition, the...

The Employee Retention Credit (ERC) became more relevant for many employers with the passage of recent tax laws.  The credit is now eligible for Paycheck Protection Program (PPP) borrowers and the credit extends through December 2021. The IRS recently issued guidance on the 2020 credit, such as eligibility requirements and...