IRS updates FAQs on paid sick leave credit and family leave credit
https://www.irs.gov/newsroom/irs-updates-faqs-on-paid-sick-leave-credit-and-family-leave-credit
Archive of entries posted by Reuven Rubinson
IRS identity pin
All taxpayers are now eligible to request a security pin from the IRS in order to minimize identity theft and someone filing a false tax return using your Social Security number. https://www.irs.gov/pub/irs-pdf/p5367es.pdf
IRS acceptance 2020 personal tax returns
The IRS will start accepting 2020 tax returns on February 12. This is a lot later than previous years. #IRS #TaxSeason #TaxFilingDate https://www.irs.gov/newsroom/2021-tax-filing-season-begins-feb-12-irs-outlines-steps-to-speed-refunds-during-pandemic
IRS makes it easier to set up payment agreements; offers other relief to taxpayers struggling with tax debts
The Internal Revenue Service today announced a number of changes designed to help struggling taxpayers impacted by COVID-19 more easily settle their tax debts with the IRS. 11/2/2020 #taxes #irs https://www.irs.gov/newsroom/irs-makes-it-easier-to-set-up-payment-agreements-offers-other-relief-to-taxpayers-struggling-with-tax-debts
PPP Extension is Now Law Signed – It’s now official https://lnkd.in/gaFupbJ #ppploanforgiveness#PPPExtensionSigned
PPP Paycheck Protection Program
Great article on the PPP program by Mattisyahu Teichman http://morristeichman.com/ppp-paycheck-protection-program-loans-forgiveness/ #PPPProgram #PPPProgramForgiveness
EZ PPP loan forgiveness application released.
EZ PPP loan forgiveness application released. https://content.sba.gov/sites/default/files/2020-06/PPP%20Forgiveness%20Application%203508EZ%20%28%20Revised%2006.16.2020%29.pdf?utm_medium=email&utm_source=govdelivery The great news for self-employed individuals like myself is that it confirms that the full amount of the loan can be forgiven in that they allow to an a half months of “compensation” which is the maximum amount we could have applied for a loan: “The dollar amount …
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Employer Retention and Sick and Family leave credits
The IRS has released a flowchart with the details of the Employer Retention Credit and sick and family leave credit https://www.irs.gov/pub/irs-pdf/p5419.pdf
IRS and SBA updating the PPP loan forgiveness program
The IRS and SBA will be updating their rules based on the new tax law.
New PPP Law Signed
According to Forbes the new bill on the Paychex Protection Program has been signed. Finally some bipartisanship #PPPProgam https://www.forbes.com/sites/allbusiness/2020/06/05/trump-signs-new-law-relaxing-ppp-rules-what-you-need-to-know/#7b56e8b031e3