IRS Shutdown And SBA Report On Status Of Payroll Protection Loans
Small Business Administration report on status of Payroll Protection Loans
https://home.treasury.gov/system/files/136/SBA%20PPP%20Loan%20Report%20Deck.pdf
Deloitte Tax News & Views:
https://newsletters.usdbriefs.com/2020/Tax/TNV/200417_1.html?elqTrackId=1de90fec2e754e678955489faf724238&elq=e22f66ba32e54313b577f2d67644bd48&elqaid=69971&elqat=1&elqCampaignId=13345
Get My Payment for Economic Impact Payment
https://www.irs.gov/coronavirus/economic-impact-payment-information-center#locked
Employment Development Department – Unemployment Assistance for Self-Employed workers.
https://www.edd.ca.gov/about_edd/coronavirus-2019/pandemic-unemployment-assistance.htm
Mergers & Acquisitions
Mergers & Acquisitions Grow your firm by merging with GROCO. As with most firms, the best way to get to know GROCO is to read our web site. On the right hand side you can click on the word “Brochure” to get a fairly concise overview of the firm. The more one browses, hopefully, the…
Another Poor Showing for the U.S. Tax System
Another poor showing for the U.S. tax system? It seems that every day a new list of rankings is released about the locations where we live. Which state is best for owning a home, or which city has the highest vitality rate, are some of the topics discussed in previous lists, for example. Everyone has…
Overseas Account Penalties Increase As More Banks Sign On
Overseas Account Penalties Increase As More Banks Sign On It seems that every month we share an article describing the ever-increasing reach of the IRS throughout the world as they attempt to put a stop to any and all taxpayers who would try to avoid paying their fair amount of taxes. This month is no…
Tax on Foreign Income of US Citizens or Residents
Tax on Foreign Income of US Citizens or Residents Foreign Earned Income Exclusion Individual US citizens and residents are taxed on their worldwide income. However, IRC Sec. 911 provides that qualified taxpayer can elect to exclude foreign earned income up to $87,600 from taxable income. (Read IRS Pub 54 for more details.) The qualifications are:…