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Month: May 2020

IRS Guidance Give Employers Flexibility For Benefit Plans During COVID-19 Crisis

IRS Guidance Give Employers Flexibility For Benefit Plans During COVID-19 Crisis

Kelly Phillips ErbMay 14, 2020July 8, 2020

Whether you’re reading this from your living room while in your pajamas, or safely tucked away in your newly-renovated laundry room turned home office, you’ll

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New House HEROES Act Includes New & Improved Stimulus Checks, Expanded Jobless Benefits & Tax Relief

New House HEROES Act Includes New & Improved Stimulus Checks, Expanded Jobless Benefits & Tax Relief

Kelly Phillips ErbMay 12, 2020June 10, 2020

After weeks of will they or won’t they, they did: House Speaker Nancy Pelosi announced a new COVID-19 economic relief proposal. The bill is known

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IRS Explains Why Stimulus Check Might Be Less Than You Expected

IRS Explains Why Stimulus Check Might Be Less Than You Expected

Kelly Phillips ErbMay 11, 2020June 10, 2020

The Internal Revenue Service (IRS) and Treasury have announced that they have delivered nearly 130 million Economic Impact Payments (EIPs, or stimulus checks) to Americans.

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IRS Makes Updates To Employee Retention Credit FAQs

IRS Makes Updates To Employee Retention Credit FAQs

Kelly Phillips ErbMay 11, 2020June 10, 2020

As the COVID-19 crisis continues to roil the economy, all eyes seemed to be focused on the Paycheck Protection Program (PPP). But that’s not the

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Feds Make First Arrests Linked To PPP Loan Fraud

Feds Make First Arrests Linked To PPP Loan Fraud

Kelly Phillips ErbMay 10, 2020June 10, 2020

It appears that two New England businessmen took the concept of “free money” way too far. David A. Staveley (a/k/a Kurt D. Sanborn) of Andover,

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No Bank Account? Here’s What You Need To Know

No Bank Account? Here’s What You Need To Know

Kelly Phillips ErbMay 9, 2020June 10, 2020

For weeks, I’ve been fielding questions from taxpayers who were hoping to have their stimulus checks applied to pre-paid debit or benefits cards. That is

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Tax Deadline Remains July 15 During COVID-19 Crisis

Tax Deadline Remains July 15 During COVID-19 Crisis

Kelly Phillips ErbMay 8, 2020June 9, 2020

First things first: as of today, the 2019 tax filing season deadline remains July 15, 2020.  I just wanted to get that out of the way

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IRS Accelerates Stimulus Payments, Advises Non-Filers To Register

IRS Accelerates Stimulus Payments, Advises Non-Filers To Register

Kelly Phillips ErbMay 8, 2020June 10, 2020

Still waiting on your stimulus check? The Treasury Department and the Internal Revenue Service (IRS) says that you need to access the Get My Payment tool by

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Here’s How To Return Your Stimulus Check (If You Want To)

Here’s How To Return Your Stimulus Check (If You Want To)

Kelly Phillips ErbMay 6, 2020May 6, 2020

The Internal Revenue Service (IRS) has issued some guidance about how to return an Economic Impact Payment (EIP) or stimulus check. That is, assuming that

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IRS Says Stimulus Checks Paid To Those In Jail Should Be Returned

IRS Says Stimulus Checks Paid To Those In Jail Should Be Returned

Kelly Phillips ErbMay 6, 2020May 6, 2020

Hear that? It’s the sounds of the Internal Revenue Service (IRS) trying to retroactively impose rules on stimulus checks being paid out under the CARES

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