Last month, the Internal Revenue Service (IRS) announced that the tax filing season had been pushed to July 15, 2020. A few days later, the IRS issued guidance, making official the announcement tweeted by Treasury Secretary Steven Mnuchin (and subsequently retweeted by the IRS) that the due date for filing tax returns and making tax payments has been…
As COVID-19 continues to impact the United States, the federal government is taking action to ease the burden on taxpayers. There are programs in place to help businesses through the pandemic. One of those programs is the Economic Injury Disaster Loan program (EIDL). The EIDL isn’t new. It’s an existing program administered through the Small…
As COVID-19 continues to impact the United States, the federal government is taking action to ease the burden on taxpayers. Most recently, Congress passed a massive stimulus package that was signed into law by the President. The stimulus bill (also called the Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act) has several moving pieces…
True confession: I didn’t have a beer today despite the fact that it’s National Beer Day. Honestly, in the midst of the quarantine – and with three kiddos at home – I’m doing good to remember what month it is. But, it’s true that it’s National Beer Day: April 7. Today marks the day that…
(Updated: April 20, 2020) Last month, I wrote a primer on stimulus checks, and I’ve been updating it as I field your questions: thanks for asking! I thought it might be helpful to tackle some of the most commonly asked questions in a separate article. Here’s what you’ve been asking – along with my answers – regarding…
Whenever my kids want to know when I’m going to do something, I often answer, “Two minutes.” We both know it’s a lie, but if I have no real idea how long it will take, and they want an answer, any response keeps everybody happy. I suspect that we’re getting to that same place from…
As COVID-19 continues to impact the United States, the federal government is taking action to ease the burden on taxpayers. Most recently, Congress passed a massive stimulus package that was signed into law by the President. The stimulus bill (also called the Coronavirus Aid, Relief, and Economic Security Act, or the CARES Act) has several moving pieces…
The Internal Revenue Service (IRS) is expanding its social media presence. And while that’s to be expected in a fast-moving, tech-based world, it’s the platform that’s turning heads: TikTok. TikTok is a Chinese video-sharing social networking service. Dominated mainly by teens and young adults, the fast-growing platform is primarily known for its short (about 15…
There’s so much happening now. Here’s where you can find information on how COVID-19 is affecting tax returns and, of course, those stimulus checks. Got questions about stimulus checks? I’ve got answers. There are separate pieces for high school seniors and college students, as well as seniors (seniors piece is updated here). IRS has pushed…
Winston Churchill was alleged to have said, “You can depend upon the Americans to do the right thing. But only after they have exhausted every other possibility.” Today, Americans did the right thing. On March 27, 2020, President Trump signed the CARES Act into law. Among other things, the CARES Act provided economic relief in the form…