Newsletters

With an initial round of more than 80 million Economic Impact Payments starting to hit bank accounts over the weekend and throughout this week, this new tool will help address key common questions. Get My Payment will show the projected date when a deposit...

The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone. The loan amounts will be forgiven as long as: The loan...

Who is eligible for the economic impact payment? Tax filers with adjusted gross income up to $75,000 for individuals and up to $150,000 for married couples filing joint returns will receive the full payment. For filers with income above those amounts, the payment...

Who is eligible for the relief? Any person with a Federal income tax return or payment due on April 15, 2020, is eligible for relief under the Notice. “Person” includes any type of taxpayer, such as an individual, a trust, an estate, a corporation, or any type of...

This relief to employees and small and midsize businesses is provided under the Families First Coronavirus Response Act (Act), signed by President Trump on March 18, 2020. The Act will help the United States combat and defeat COVID-19 by giving all American businesses...

Less than an hour after this newsletter went up the IRS did change the due date. It is now July 15th, 2020. 1) The due date for filing 1040 returns is now July 15th. 2) The IRS has postponed the date payments from individual returns are due until July 15th. a)...

HHS Coronavirus Disease 2019 (COVID-19) Updates Q&A on Coronaviruses (COVID-19) from the World Health Organization How to Protect Yourself Preparing for Coronavirus: Dos and Don’ts 15 Days to Slow the Spread What are the Symptoms? Testing for COVID-19 Caring for...

There is still time to file your 1065 and 1120S forms and we may be able to help. But if you need extra time to file your returns this year file the Form 7004. You can let us know you need an extension or you can request an extension by Efile or by filing out form...

This news release is part of a series of IRS tips called the Tax Time Guide, designed to help taxpayers file an accurate tax return. This year's tax-filing deadline is April 15. Taxpayers should know before they owe. The IRS encourages all taxpayers to check...

The first point to consider is there are times you should file a tax return even if it not required. Here are the more common reasons: 1) If you had any federal or state tax withheld you may want to file a return in order to get a refund of the taxes withheld. 2) If...