You know that long list of ways that the coronavirus has affected our lives? Well, here’s another one. The Internal Revenue Service has completely flipped a switch on its priorities, and it is not even looking at paper tax returns that are…
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In the face of the global pandemic and the subsequent economic crisis it has spurred, the federal government has taken several steps to protect small business owners. One of the most notable of these steps is the offering of Paycheck Protection…
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If you have already filed your federal tax return and are due to receive a refund, you can check the status of your refund online.
Where’s My Refund? is an interactive tool on the IRS website. Regardless of whether you have split your…
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You may be one of the many taxpayers eligible for a refund from their 2018 tax return. Last December, tacked on to an Appropriations Act, Congress passed the long-awaited extenders bill. This bill had been lingering in Congress for about 2 years…
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The IRS has issued a final version of Form 7200 (Advance Payment of Employer Credits Due to COVID-19) and its accompanying instructions on March 31, 2020. Sick and family leave credits. The Families First Coronavirus Response Act (FFCRA) requires…
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The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allows employers to defer the deposit and payment of the employer's share of Social Security taxes and self-employed individuals to defer payment of certain self-employment taxes.
Section…
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The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020, is designed to encourage Eligible Employers to keep employees on their payroll, despite experiencing economic hardship related to COVID-19, with an…
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The tax code offers two types of IRAs; one is referred to as the traditional individual retirement account (IRA), so named because it was the first type of IRA available, having been created by Congress back in the 1970s. The second type is…
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PPP & The CARES Act
Following the passage of the $2.2 trillion CARES Act stimulus package at the end of March, one of the most talked about provisions was the Paycheck Protection Program (PPP). The CARES Act had earmarked $349 billion…
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For years, experts have been saying that everyone - including average citizens - needs to have some type of emergency fund in place to help them get through any "rainy days" that may lie ahead. The advice usually varies depending on the source,…
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Delaying Payment of Old Tax Bills Is A Big Mistake
2020 Tax LawsNot All PPP “Forgivable” Loans Will be Forgiving
CARES Act 2020, Paycheck Protection ProgramLearn how to Check your Federal Tax Return Status
Tax Refund, TaxesAre You Eligible For a 2018 Tax Refund?
2018 Tax Laws, 2020 Tax LawsSpotlight: How to Apply for Advance Payment (Refund)
CARES Act 2020, COVID-19, FFCRA ActSpotlight: Deferral of employment tax deposits and payments through December 31, 2020
CARES Act 2020, COVID-19Spotlight: Employee Retention Credit under the CARES Act
CARES Act 2020, COVID-19What’s Best for You - Traditional or Roth IRA?
IRA's, Roth IRAPaycheck Protection Program and Health Care Enhancement Act: What’s In It?
2020 Stimulus Package, Business, CARES Act 2020Creating an Emergency Fund to Help You Weather a Storm Like COVID-19
COVID-19, Savings