June 30, 2020
In e-News for Tax Professionals, the IRS has explained the tax implications of receiving an economic impact payment (EIP). Background: As part of the CARES Act, IRS […]
July 1, 2020
Earlier this year, in response to the novel coronavirus (COVID-19) crisis, the IRS postponed numerous federal tax filing and payment deadlines. If you took advantage of […]
July 10, 2020
On July 4, President Trump signed S 4116 into law. The bill extends the Paycheck Protection Program (PPP) loan application deadline until August 8. Background The Coronavirus […]
July 28, 2020
On its website, the IRS has issued two FAQs regarding the taxation of payments and loans from the Coronavirus Relief Fund that was established by the […]