IRS Launches “Get My Payment” Tool: The IRS has launched its “Get My Payment” tool, which allows taxpayers to check the status of their economic impact payment. The tool provides…
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Expanding on its earlier notices in response to the COVID-19 pandemic, the IRS and Treasury Department said in Notice 2020-23 (Notice) that almost all taxpayers with a filing or payment…
How to use the on-line tool: To locate the tool, users will need to go to Non-filers: Enter Payment Info here, and provide basic information, including Social Security number, name, address, and…
IRS extends more tax deadlines to cover individuals, trusts, estates, corporations In a Notice, the IRS has extended more tax deadlines to cover individuals, estates, corporations and others. This extension…
We all are feeling this crisis and we are offering our support to any small business that needs guidance. We, therefore, are offering complimentary one on one assistance to provide…
Reporting the New Employee Retention Credit: Thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a refundable payroll tax credit is available for 50% of qualified wages paid…
INTERIM FINAL RULES – PAYCHECK PROTECTION PROGRAM LOANS Frequently Asked Questions (FAQs) The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional…
Plan Documents and Termination vs. Furlough vs. Lay-Off Termination, furlough, and lay-off are not defined terms under ERISA or the Affordable Care Act. A furlough is generally considered to be…
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act, P.L. 116-136 (CARES Act), which provides over $2 trillion in economic relief in…