What do I Need to Know About Correspondence Audits?

Instead of in-person audits with an IRS agent, many routine reviews are being handled through form letters. These are known as correspondence audits. The IRS uses these letters as a means to ask for clarification and justification of certain deductions on a person’s tax return. These are commonly seen in the event of large charitable […]

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What do I Need to Know About the Small Business Association Paycheck Protection Program?

Under the new life circumstances of the Coronavirus, there are many people and small businesses struggling. It is because of this that the Senate passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a stimulus bill that includes a loan program for small businesses to help them during this time. This is known ass […]

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2019 Tax Return Due Dates Extended

You can take an extra Ninety (90) days to file your tax return amid coronavirus outbreak Taxpayers can take some extra time to get their tax returns to the Internal Revenue Service as the nation copes with the spreading coronavirus. Treasury Secretary Steven Mnuchin said during the administration’s daily coronavirus briefing that taxpayers can defer filing […]

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COVID-19 Office Update

Werdann DeVito LLC is taking the utmost precautions in light of the quickly shifting COVID-19 (novel coronavirus) Environment. We thank our clients for their understanding as we work to communicate changes to our service procedures. We are closely monitoring local and national reports on the evolving impact of COVID-19 and, based on guidance from the […]

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