Possible PPP Legislation & 1099-B

The Inflation Reduction Act Passed the House and Senate! Ron Cohen Episode 25

Possible PPP Legislation:
https://www.bloomberg.com/news/articles/2020-05-26/hoyer-says-house-and-senate-close-on-ppp-loan-extension

Form W-4P
https://www.irs.gov/pub/irs-pdf/fw4p.pdf

IRS Notice 2020-3
https://www.irs.gov/pub/irs-drop/n-20-03.pdf

The Biden Administration Corporate Tax Proposal

Paycheck Protection Program and Other Deadline Updates 4.13.20

Non-Filers: Enter Payment Info Here

https://www.…

IRS Tax Extension

Latest IRS Tax Extension Clarifications as of Thursday, April 9, 2020 8:03 PM

1) Estimated Tax Payments for 2nd Quarter:  https://www.irs.gov/newsroom/irs-extends-more-tax-deadlines-to-cover-individuals-trusts-estates-corporations-and-others “Besides the April 15 estimated tax payment previously extended, today’s notice also extends relief to estimated tax payments due June 15, 2020. This means that any individual or corporation that has a quarterly estimated tax payment due on or after April 1, 2020, and before July 15,…

how IRS Can Help Business Owners Hurt by COVID Disaster

How IRS Can Help Business Owners Hurt by COVID Disaster

How IRS Can Help Business Owners Hurt by COVID Disaster Quick Summary: Disaster Area Declaration – Internal Revenue Code Sec. 165(i) Disaster losses in the current year can be taken on a prior year’s return (i.e., 2020 losses stemming from COVID-2019 can be taken on the 2019 return) The loss/deduction would need to be substantiated by…

Why You Should File Your 2019 Tax Returns ASAP!

Why You Should File Your 2019 Tax Returns ASAP!

Why You Should File Your 2019 Tax Returns ASAP?  Many individuals, couples, and businesses are putting off filing their 2019 tax returns because; they can.  Others, because they qualify for stimulus checks in 2018 but not 2019; it’s not 100% clear yet that this is a good idea.  Either way, April 15th and many other…