How to use the IRS Website to Get your Stimulus Check Beware of entering the IRS website to get your stimulus check. It is something you may have heard of in a haunted house at a Halloween Carnival. However, when it comes to COVID 19 Stimulus payments you should we wary before using the IRS
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I Want My Money
In March 2020, Congress Passed the Coronavirus Aid, Relief, and Economic Security Act, CARES Act. The stimulus payments for the CARES Act is a $2.2 trillion legislative behemoth that seeks to stimulate the economy and provide relief to individuals and businesses affected by the COVID 19 epidemic. One provision of the CARES act are the
Paycheck Protection Program – PPP Loan – How to Use Them
The late and great Kenny Rogers once famously sang, “You gotta know when to hold them, know when to fold them.” Well when it comes to Paycheck Protection Program PPP Loan, business owners need to know when to spend it and when to end it. In March 2020, Congress passed the Coranavirus Aid, Relief, and
COVID-19 Employee Retention Credit
COVID-19 Employee Retention Credit COVID-19 continues to have detrimental effects across the globe in many ways uncovering the need for a COVID-19 Employee Retention Credit. In the United States, many states have enacted stay-at-home orders. These measures to prevent its spread. Although necessary, these measures have devastated entire industries. This leads employers to wonder if
The CARES Act – Coronavirus Aid, Relief, and Economic Security
On March 27th, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was put into effect, which will provide taxpayers and businesses significant tax and non-tax relief during these unprecedented times. Individuals and businesses should remain informed about the tax and non-tax implications of the legislation and The CARES Act. WHAT INDIVIDUALS CAN EXPECTIf
Does the CARES Act Create a New Standard of Who is an Employee?
Does the CARES Act Create a New Standard of Who is an Employee? Congress recently based CARES (Coronavirus Aid, Relief, and Economic Security Act) in an effort to ameliorate the effects COVID-19 has had on the economy. Millions of workers have found themselves “out of a job” in recent weeks because of the Coronavirus. Many
IS HOARDING CONSIDERED ESTATE PLANNING IN LIGHT OF COVID-19
Do you have a square to spare? Consult your estate planning attorney and ask whether hoarding is considered estate planning in light of COVID-19 pandemic. If you have made a trip to Costco or to your local grocery store to buy toilet paper you may have a surprise. For instance, you know that there is
ESTATE PLANNING FOR COVID-19
Are your affairs in order?Estate Planning for COVID-19. Most people do not want to talk about the possibility of being physically or mentally incapacitated, about death, or what happens to your loved ones after you pass away. It is a sensitive subject, but without a comprehensive estate plan, family members can be caught off-guard when
Coronavirus COVID-19 and Taxes
Coronavirus COVID-19 and Taxes. The first reported cases of Coronavirus (COVID 19) in the United States happen to coincide with income tax filing season. For tax people like us, Coronavirus COVID-19 and taxes begs the question, how will Coronavirus affect the taxes of individuals and businesses? This article will be based on the laws currently
DOES YOUR CONTRACT HAVE THE CORONAVIRUS?
Most contracts include force majeure clauses that excuse a nonperforming party when certain circumstances prevent a party from fulfilling its contractual obligation such as “acts of God,” flood, fire, governmental action, riots, labor shortages and disputes, shortages of supplies or materials, and other similar circumstances beyond the reasonable control of the party. In fact, the