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
Possible PPP Legislation & 1099-B
Possible PPP Legislation:
https://www.bloomberg.…
The PPP Loan Forgiveness Application
Deloitte Newsletter of House $3 Trillion tax bill…
Heroes Act, COVID-19 Tax & PPP Updates
Heroes Act, COVID-19 Tax & PPP Updates, originally posted By Ron Cohen, CPA on 5/16/20 Dear Clients and Friends: Further to my email yesterday, after a procedural vote in the morning, at 9:26pm EST, the House finalized passage of the Heroes Act. Deloitte, with a staff of writers, covers the House passage of this monumental…
Impact Payments For Deceased People & PPP’s 8 Week Spending Problem
Forbes: The IRS Wants Its Money Back – Stimulus C…