The governor and legislative leaders have agreed on a package which includes the following:1. $600 in one-time relief to households receiving the California EITC for 2020 2. a four-fold increase – from $500 million to more than $2 billion – for grants up to $25,000 for small businesses impacted by the pandemic, and also allocates …
https://www.irs.gov/newsroom/irs-updates-faqs-on-paid-sick-leave-credit-and-family-leave-credit
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
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
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
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. 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 …
Continue reading ‘EZ PPP loan forgiveness application released.’ »
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
The IRS and SBA will be updating their rules based on the new tax law.
