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Tag: CARES Act

Senate Bill Would Protect Stimulus Checks From Creditors

Senate Bill Would Protect Stimulus Checks From Creditors

Kelly Phillips ErbJuly 24, 2020November 19, 2020

Earlier today, the Senate passed S. 3841 by unanimous consent. The bill, which was first introduced by Senators Chuck Grassley (R-IA), Sherrod Brown (D-OH), Ron Wyden (D-OR)

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IRS Reminds Taxpayers That RMDs From Retirement Accounts Are Not Required In 2020

IRS Reminds Taxpayers That RMDs From Retirement Accounts Are Not Required In 2020

Kelly Phillips ErbJuly 17, 2020July 17, 2020

The Internal Revenue Service (2020) has issued a reminder to taxpayers that they are not required to take money out of their individual retirement accounts (IRAs) and

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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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Here’s What’s In The CARES Act

Here’s What’s In The CARES Act

Kelly Phillips ErbMarch 25, 2020May 5, 2020

(Note: On March 27, 2020, the House approved this bill.) It’s been a long week on the Hill, but the Senate has finally reached an

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Senate Has Reached Agreement On Stimulus Package

Senate Has Reached Agreement On Stimulus Package

Kelly Phillips ErbMarch 25, 2020May 5, 2020

(Update: The bill passed the Senate on 3/25/2020.) “It’s good news,” said Senate Majority Leader Mitch McConnell (R-KY) early Wednesday morning. McConnell continued, “At last,

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10 Ways The Senate & House Stimulus Bills Are Similar

10 Ways The Senate & House Stimulus Bills Are Similar

Kelly Phillips ErbMarch 24, 2020May 5, 2020

(Update: A compromise bill passed the Senate on 3/25/2020. You can read more here.) Last week, Senate Republican leaders released their version of a stimulus package,

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House Introduces Huge Stimulus Bill

House Introduces Huge Stimulus Bill

Kelly Phillips ErbMarch 24, 2020May 5, 2020

(Update: A version of the bill passed the Senate on 3/25/2020, and is expected to pass the House.) Last week, the Senate introduced what I described as

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