The American Rescue Plan Act (ARPA) significantly liberalizes the rules for the federal child tax credit, which means more money in the pockets of eligible parents this year. However, the liberalizations are only for the 2021 tax year. Pre-ARPA...
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What you really want to know about Economic Impact Payments Is this payment considered taxable income? No, the payment is not income and taxpayers will not owe tax on it. The payment will not reduce a taxpayer’s refund or increase...
Read MoreFew businesses have been left unscathed by the novel coronavirus (COVID-19) pandemic. Unfortunately, many have been mortally wounded. Some may be living on life support thanks to financial help from the government, but their long-term survival is...
Read MoreCheck IRS.gov for the latest information: No action needed by most people at this time IR-2020-61, March 30, 2020 WASHINGTON – The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments...
Read MoreThe Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated 350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection program, the initiative provides 100%...
Read MoreUnder normal circumstances, we are super excited to see you! However, effective Friday, March 20th we have decided to follow the CDC guidelines and close our lobby to the public. Only employees will be allowed in the building. For now, our...
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