Issue Number: IR-2020-85 Inside This Issue Economic Impact Payments continue to be sent, check IRS.gov for answers to common questions WASHINGTON – As Economic Impact Payments continue to be successfully delivered, the Internal Revenue Service today reminds taxpayers that IRS.gov includes answers to many common questions, including help to use two recently launched Economic Impact… Read More

April 23,2020 SBA warns that larger companies may not qualify for PPP loans The U.S. Small Business Administration (SBA) issued guidance Thursday reminding larger companies with adequate sources of liquidity to support ongoing operations of their responsibility to certify their eligibility for Paycheck Protection Program (PPP) loans if they apply or have applied. The SBA… Read More

Issue Number: IR-2020-82 Inside This Issue IRS enhances Get My Payment online application to help taxpayers WASHINGTON – The Internal Revenue Service today announced significant enhancements to the “Get My Payment” tool to deliver an improved and smoother experience for Americans eligible to receive Economic Impact Payments. The enhancements, which started last week and continued… Read More

Issue Number:    COVID Tax Tip 2020-40 Here’s how much individuals will get from the Economic Impact Payments Employed full or part time? Unemployed? A temporary or gig worker? Retired or disabled? Receive public benefits? Have no income? Most U.S. residents – under certain income levels – will receive the Economic Impact Payment if they are… Read More

WASHINGTON — To help taxpayers, the Department of Treasury and the Internal Revenue Service announced today that Notice 2020-23 extends 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 originally due on April 15. No late-filing… Read More

Economic impact payments:What you need to knowCheck IRS.gov for the latest information: No action needed by most people at this time   IR-2020-61, March 30, 2020 WASHINGTON – The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed… Read More

e-News for Small Business, Special Edition Inside This Issue IRS Operations During COVID-19: Mission-critical functions continue  Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses High-deductible health plans can… Read More

March 20, 2020 Coronavirus – Small Business   Help Is On Its Way! Dear Clients and Friends..     We hope you are all doing well. Please read the updates below which affect Tax Deadlines, and Small Businesses.  IRS Extended Tax Return Filing Deadline to July 15, 2020 Tax day is now July 15th instead of April 15th. This… Read More

Inside This Issue                                                                      March 18, 2020   Notice 2020-17; Payment relief on account of Coronavirus Disease 2019 (COVID-19) emergency. The Treasury… Read More

FS-2020-02, February 2020 The Internal Revenue Service announced it will visit more taxpayers who haven’t filed tax returns for prior years in an effort to increase tax compliance and further enforce the law. In addition, the IRS is increasing the use of data analytics, research and new compliance strategies, including personal visits, to reach taxpayers… Read More