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
Automatic Penalties for Late Form 5471s and Related Forms
Automatic Penalties for Late Form 5471s and Related Forms On January 1, 2009, the IRS will begin to automatically assess section 6038 penalties for each late-filed Form 5471, Information Return of U.S. Persons With Respect to Certain Foreign Corporations, and late filing penalties under section 6651 for related forms. IRS is now sending out letters…
Selecting a Good Trustee – Factors to Consider When Choosing a Trustee
Selecting a Good Trustee – Factors to Consider When Choosing a Trustee By Rocco Beatrice WHAT TO LOOK FOR IN A TRUSTEE When selecting a Trustee the most important qualities of a trustee are honesty, stability, dependability, organization, financial experience, and ability to devote time and energy on an impartial basis for the benefit of…
Tax Strategies Under Obama Tax Plan
Tax Strategies Under Obama Tax Plan Everyone is aware that President-elect Barack Obama has stated his case clearly that there will be a major tax bill for 2009. As our experience shows, a first-term tax law will probably not see passage by both houses until as late as July; however, it is more than likely…
Gift Tax: Tips from the IRS
Gift Tax: Tips from the IRS Taxpayers who have given gifts exceeding $11,000 in value to a single individual must report the total gift amount to the Internal Revenue Service (IRS). The giver may owe taxes on the gifts. The recipient, however, does not have to report or pay taxes on the value of the…