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The Internal Revenue Service took a break from collections and examinations during the spring of 2020 in response to the COVID-19 pandemic, but as of July 15, 2020 all agents are back at work and aggressively making up for lost time. New audit targets have been identified and taxpayers can ex...
Read MoreLate last week, the Small Business Administration (SBA) released the application which borrowers of the Paycheck Protection Program (PPP) loan need to use in order to determine the amount of their loan that may be forgiven by their lender. The application can be completely filled out onli...
Read MoreCARES Act & Paycheck Protection Program The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is a stimulus bill aimed at providing relief to employers and individuals affected by the coronavirus pandemic (COVID-19). Among the gamut of loan options under the new ...
Read MoreTax Aspects of the Stimulus Package Last week a historic event took place in the U.S.: a $2 trillion coronavirus (COVID-19) stimulus package was enacted into law. President Donald Trump signed the relief bundle on March 27, 2020 and citizens are now scrambling to understand ...
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