This month, we’ve been spending a lot of time focusing on – you guessed it – money. One of the things that I see coming out of the current downturn is a lot of opportunity, especially for those who have … Read More
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In the last month, the scammers have been working overtime. With the COVID-19 crisis and literally billions of dollars in stimulus money available, many of the “classic” scams associated with tax refunds have been reimagined for the Coronavirus. So, right … Read More
There are some options for funding/ grants/ loans for small businesses out there. The SBA has 3 options. You can begin reading here. The 2 main ones you have been hearing about are the EIDL Economic Injury Disaster Loan and … Read More
The Internal Revenue Service this week issued guidance providing tax relief under the CARES Act for taxpayers with net operating losses, in addition the agency issued tax relief for partnerships filing amended returns. COVID Relief for taxpayers claiming NOLsRevenue Procedure 2020-24 provides … Read More
The Department of Treasury and the Internal Revenue Service this week announced extensions of additional key tax deadlines for individuals and businesses. Last month, the IRS announced that taxpayers generally have until July 15, 2020, to file and pay federal income taxes … Read More
To help millions of people, the Treasury Department and the IRS launched a new web tool allowing quick registration for Economic Impact Payments for those who don’t normally file a tax return. The non-filer tool, developed in partnership between the IRS and the Free … Read More
COVID-19 ECONOMIC INJURY DISASTER LOAN APPLICATION For small businesses, 1099 independent contractors, and sole proprietors affected by the coronavirus there is a way to keep your business a float and maybe even keep everyone on payroll (including yourself) via the … Read More