May 11, 2020
The IRS has sent Coronavirus stimulus payments to deceased people by mistake. It’s unclear how many such checks have been delivered, but it’s thought to be significant, because about 2 million people in the U.S. die each year.
May 11, 2020
The IRS has discovered that it has mailed checks to deceased people by mistake. It’s unclear how many such checks have been delivered, but it’s thought to be significant, because about 2 million people in the U.S. die each year.
May 10, 2020
Although talks within the Trump administration are still in the preliminary stage, NBC news has reported that the deadline could be postponed again to September 15—or even as late as December 15.
May 10, 2020
The Treasury Department and the IRS have released updated state-by-state figures for Economic Impact Payments, with approximately 130 million individuals receiving payments worth more than $200 billion in the program’s first four weeks. (Up through May 8)
May 7, 2020
You already play a key role in advising your clients on their taxes, so spend the extra time to advise on how to keep track of their PPP loans. Spending time on the front end setting up the recordkeeping and processes will save a lot of time in the ...
May 7, 2020
The employee retention credit is designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.
May 7, 2020
How have office workers been holding up during the coronavirus crisis? And how do they feel office life will change once workplaces reopen?
May 6, 2020
Are you still waiting for your stimulus payment due to a recent address change or no or outdated direct deposit information on file with the IRS? You may have to wait a little longer.
May 5, 2020
As the second round of funding for the Paycheck Protection Program (PPP) became available on April 27, 62 percent of PPP loan applicants were still waiting for funding or approval, according to new research from Paychex, Inc.
May 5, 2020
Are you still waiting for your stimulus payment due to a recent address change or no or outdated direct deposit information on file with the IRS? You may have to wait a little longer.
May 3, 2020
Small businesses that manage to get their Paycheck Protection Program loans forgiven may find themselves losing valuable tax breaks, according to new guidance from the Internal Revenue Service.
April 30, 2020
Taxpayers should check the FAQs often for the latest additions; many common questions are answered on IRS.gov already, and more are being developed. Here are answers to some of the top questions people are asking.