by Ramdas | Nov 30, 2020 | Individuals Articles
The latest from the IRS Two very important items were released by the IRS on November 18, 2020 that impact taxpayers with PPP loans. IRS Revenue Ruling 2020-27 In ruling 2020-27 the IRS restates that expenses paid with PPP funds will not be deductible in...
by Ramdas | Sep 4, 2020 | Individuals Articles
With school having started around the country, the Department of Labor has released new guidelines about qualifying for paid sick leave related to the reopening of schools through the Families First Coronavirus Response Act (FFCRA). The new DOL guidelines explain...
by Ramdas | Apr 9, 2020 | Individuals Articles
The Corona Relief, Aids, and Economic Security (CARES) Act that passed through legislation provides additional relief to individuals. Listed below are key points to be aware of. 1. Recovery Rebates – all individuals are eligible for recovery rebates of up to $1,200...
by Ramdas | Apr 9, 2020 | Individuals Articles
The Corona Relief, Aids, and Economic Security (CARES) Act that passed through legislation provides additional relief to small businesses (businesses with 500 or less employees). Listed below are key points to be aware of. 1. Paycheck Protection Program (PPP) – Loans...
by Ramdas | Mar 17, 2020 | Individuals Articles
Today the Treasury Secretary, Steven Mnuchin, announced that the tax payment deadline has been delayed by 90 days. This means that if a taxpayer owes either at filing of your individual return or filing of an extension for your individual return, you can delay paying...
by Ramdas | Feb 27, 2020 | Individuals Articles
Latest IRS Scams: How to Spot Them and Fight Back The latest IRS scams Have any of these happened to you? 1. ‘We’re calling to tell you your identity was stolen; you need to buy some gift cards to fix it’ In this trick, a criminal calls the victim and poses as an IRS...
