- New $3 Trillion Coronavirus Relief Bill Proposed by House Democrats
- A new proposal by House Democrats, the $3 trillion HEROES Act, is likely to pass the House but face an unwilling majority in the Senate.
- Your PPP Loan Forgiveness Will Probably be Less Than Anticipated
- Now that you have gotten a Paycheck Protection Program loan (PPPL), it is time to start planning how to spend the loan proceeds so some portion of the loan will be forgiven.
- Unraveling the Economic Impact Payment Confusion
- Millions of Americans have already received their economic impact payments authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. If you have not received a payment or received an amount larger than you anticipated, you may be looking for some answers. But first, a little background on the payments:
- Delaying Payment of Old Tax Bills Is A Big Mistake
- If you owe the IRS money or want to file an amended tax return, you should be aware that paper filings are being piled up and not processed right now.
- Forced to Return to U.S. From a Foreign Job? IRS Has Provided Time Waivers for Exclusion
- The IRS has provided relief for taxpayers who were working abroad and returned to the U.S. because of the COVID-19 pandemic before meeting the foreign residency requirements that would qualify them to exclude or deduct all or a portion of the income they earned while working in a foreign country.
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