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 πŸ”΄πŸ‘‰  Did you know the IRS provided relief to individuals and businesses whose tax residence might be affected by cross-border travel disruptions arising from the COVID-19 crisis?

πŸ”΄πŸ‘‰ Did you know the IRS provided relief to individuals and businesses whose tax residence might be affected by cross-border travel disruptions arising from the COVID-19 crisis?

YES!!! In Rev. Proc. 2020-20, the IRS provided relief to affected foreign citizens living in the United States. The Service will presume that up to 60 consecutive calendar days of their U.S. presence arises from COVID-19 travel disruptions and will not count this time span for purposes of determining U.S. taxresidency under the substantial presence test.

Essentially, the IRS will consider the COVID-19 emergency a medical condition that prevented the individual from leaving the United States. With this relief, these individuals can avoid having 60 dayscounted against them. The date when the 60-day period begins is chosen by each person, but it must start between Feb. 1 and April 1, 2020.To obtain this relief, call us to help you file your 2020 Individual Income Tax Return!

☎ If you need more information, please contact us at (954) 442-8771

http://www.cpcaccounting.com/

πŸ“ Pembroke Pines – FloridaOrlando – Florida.

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