Claims For Recovery Rebate Credit About to Expire
The Recovery Rebate Credit was designed for those who did not receive one or both Covid-19 pandemic-related stimulus checks they were entitled to in 2020.
Covid-19
IRS Made Adjustments to the 2020 Unemployment Income
The IRS recently completed the final automatic corrections of tax year 2020 accounts for taxpayers who overpaid their taxes on 2020 unemployment compensation.
Video Tips: Improperly Forgiven PPP Loans Are Now Taxable
When a PPP loan is forgiven based upon misrepresentations or omissions, it is not eligible for income exclusion and must be included in the tax return.
SBA Extends Deferment of Principal & Interest for COVID EIDL Loans
Learn about EIDL interest and principal deferral
For Business
Employers and Self-employed Who Elected to Defer 2020 Social Security Tax, The Payments Are Due Jan. 3
Employers and self-employed taxpayers who deferred Social Security taxes during 2020, are required to make the first repayment on January 3rd.
For Business
Live Updates: The Latest News for Taxpayers and Small Business Owners
Check in for live updates with all the latest relevant news stories for individual taxpayers and SMB owners.
Personal Finance
Post-Pandemic Savings Burning a Hole in Your Pocket?
You may not like the idea of budgeting but it is one of the best tools available to ensure that your bank account still has a comfortable bit of reserve at the
Personal Finance
Consumers Lost Over $500 Million Due to Covid-related Fraud
Consumer losses caused by fraud related to the COVID-19 pandemic topped $500 million, and thatâs just the losses that were reported.
For Business
IRS Extends COVID-19 Relief Leave Donations
As part of the emergency disaster declaration made by President Trump on March 13, 2020, it became possible for employees to donate their unused paid vacation t
SBA Raises Loan Limit For COVID-19 EIDL Loans to $500,000
The SBA is expanding loan opportunities for nonprofits and small businesses struggling during COVID-19, allowing loans of up to $500,000 under the EIDL program.