by team | Apr 16, 2020 | Uncategorized
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...
by team | Apr 16, 2020 | Uncategorized
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...
by team | Apr 16, 2020 | Uncategorized
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...
by team | Apr 16, 2020 | Uncategorized
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...
by team | Apr 16, 2020 | Uncategorized
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...
by team | Apr 16, 2020 | Uncategorized
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)...
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