2020 Deficits and Potential Payroll Tax Holiday

California Health Insurance Penalty:
https://www.coveredca.com/individuals-and-families/getting-covered/penalty-and-exemptions/
Guidance addresses deductibility of expenses related to Paycheck Protection Program loans:
https://newsletters.usdbriefs.com/2020/Tax/TNV/200501_1.pdf
$3.7 Trillion Deficit:
https://newsletters.usdbriefs.com/2020/Tax/TNV/200501_3.pdf
Fewer People filed by April 15th:
https://www.cpapracticeadvisor.com/tax-compliance/news/21135618/21-million-taxpayers-delayed-filing-past-april-15
Payroll Tax Holiday
https://www.washingtonexaminer.com/news/white-house-strongly-considering-demand-to-include-payroll-tax-cuts-in-next-relief-package
April 15th Is Now May 15th
Today’s Subjects:
1) April 15th is now May 15th…
Tax Deadline: Make a Decision, Already!!!
Make a Decision, Already!!!
Ways and Means Chair…
IRS Still Processing 6.7 Million Returns from Last Year
1) IRS Still Processing 6.7 Million Returns from …
The IRS Has 3 Million Unopened Pieces of Mail!
1) Form 1099 NEC for California –
We discovered …