by admin | May 6, 2020 | Tax
Originally published on Forbes.com. I thought I could escape COVID-19, which one way or another is all I have written about for the last six weeks, by going back to my routine of reviewing tax decisions that may be of interest. No luck. What stands out are...
by admin | May 6, 2020 | Tax
The IRS has announced that its Settlement Days program is going virtual in response to the COVID-19 crisis. Settlement Days bring together IRS attorneys, low-income taxpayers, who are not represented and the low income tax clinic attorneys who coach them to see if...
by admin | Apr 30, 2020 | Tax
Originally published on Forbes.com. One of the key parts of the CARES Act was the Paycheck Protection Program. It proved so popular that additional funds were appropriated for it. The essence of PPP is that a business borrows from the SBA based on 2.5 months of last...
by admin | Apr 28, 2020 | Tax
Originally published on Forbes.com. According to a report in the Washington Post earlier this month, the bulk of the second largest tax cut in the CARES Act ($170 billion) stood to be shared among about 43,000 returns. The Joint Committee on Taxation has backpedaled a...
by admin | Apr 27, 2020 | Tax
The Paycheck Protection Program was designed to not cost the borrowers anything if they used the money correctly. So banks were given a fee as high as 5% paid by SBA, which is more than normal, possibly because they were expected to share some of it. Borrowers Need...
