Taxpayer Resources Covid-19

2020 – 08/10 – The possible tax consequences of PPP loans
If your business got a Paycheck Protection Program (PPP) loan taken out due to the COVID-19 crisis, there are potential[...]
The possible tax consequences of PPP loans
If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the[...]
PPP Application Period Extended to August 8, 2020
House joins Senate in approving 5-week PPP extension
PPP Loan Forgiveness – New Rules passed June 5, 2020
Trump Signs New Law Relaxing PPP Rules: What You Need to Know The Small Business Administration will be issuing new[...]
Business charitable contribution rules have changed under the CARES Act
In light of the novel coronavirus (COVID-19) pandemic, many businesses are interested in donating to charity. In order to incentivize[...]
Do you have tax questions related to COVID-19? Here are some answers
The coronavirus (COVID-19) pandemic has affected many Americans’ finances. Here are some answers to questions you may have right now.[...]
Cares Act
Special Report Highlights $2.2 Trillion Stimulus Package Includes Vast Amounts of Relief Tax Credits Provided for Paid Leave Individual Relief[...]
Corona Virus Tax Relief
Special Report Highlights New Law Mandates Paid Leave  Tax Credits Provided for Paid Leave  Tax Return Due Date Moved to[...]
Answers to questions you may have about Economic Impact Payments
Millions of eligible Americans have already received their Economic Impact Payments (EIPs) via direct deposit or paper checks, according to[...]
Relief from not making employment tax deposits due to COVID-19 tax credits
The IRS has issued guidance providing relief from failure to make employment tax deposits for employers that are entitled to[...]
COVID-19: IRS announces more relief and details
In the midst of the coronavirus (COVID-19) pandemic, Americans are focusing on their health and financial well-being. To help with[...]
The Treasury Inspector General for Tax Administration (TIGTA) has issued an urgent warning to taxpayers to “be on high alert”[...]
CARES ACT changes retirement plan and charitable contribution rules
As we all try to keep ourselves, our loved ones, and our communities safe from the coronavirus (COVID-19) pandemic, you[...]
Answers to questions about the CARES Act employee retention tax credit
The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a refundable payroll tax credit for 50% of[...]
$1,200 COVID-19 Payments
It's no secret that, in coming weeks, the U.S. Treasury Dept. and the IRS will be sending out cash payments[...]
COVID-19 Relief Laws
Questions abound, regarding the economic impact payments and other topics related to the new coronavirus (COVID-19) relief laws.In response, the[...]
The new COVID-19 law provides businesses with more relief
On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers.[...]
Cash payments and tax relief for individuals in new law
A new law signed by President Trump on March 27 provides a variety of tax and financial relief measures to[...]
Individuals get coronavirus (COVID-19) tax and other relief
Taxpayers now have more time to file their tax returns and pay any tax owed because of the coronavirus (COVID-19)[...]