Clients & friends, today the IRS announced two new online tools families can use to help manage their Child Tax Credit payments. There is now a portal to unenroll from […]
The IRS announced yesterday that they have provided updated information on the 2021 advance payments of the Child Tax Credit (CTC), including that it has started sending letters to families […]
In a June 4, 2021 News Release, the IRS announced that it has begun processing returns of taxpayers who paid tax on their 2020 unemployment compensation that, as a result […]
The IRS has started reviewing 2020 income tax returns of eligible individuals who reported unemployment compensation, but did not claim the unemployment compensation exclusion provided by the American Rescue Plan […]
The Internal Revenue Service is holding 29 million tax returns for manual processing, contributing to more refund delays than are typical in a normal filing season due to sweeping tax […]
The Internal Revenue Service and the Treasury Department announced further details of tax credits available under the American Rescue Plan to help small businesses, including providing paid leave for employees […]
On Tuesday, President Biden signed into law a two-month extension of the Paycheck Protection Program (PPP) one day before the coronavirus relief fund was poised to expire, giving small businesses […]
Dear Clients & Friends, the IRS has announced that they will start sending out the refunds in May for recalculated unemployment returns that have been filed. Click here to read […]
The IRS has extended Tax Day for federal individual returns to May 17! Michigan has not announced their intentions yet, but our expectations is that they will follow suit. […]
The Small Business Administration pushed back the deferment period for all its disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, until 2022. Click here for all the […]
