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Paycheck Protection Loans Coming Soon

Originally published on Forbes.com. This is a brief update to my previous posts on the Paycheck Protection Program. Background The Paycheck Protection Program was created by the CARES Act which passed last week. It is an extension of the SBA 7(a) program and will go...

A Tax Season Like None Other

Of the billions of problems that have been created by our current crisis, somewhere near the bottom of the pile is the one that is bothering me right now. My plan for fulfilling my continuing professional (CPE) education requirement has been totally overturned. An...

Paycheck Protection Program – Maybe Next Week

Originally published on Forbes.com. This is an update on yesterday’s report on the Paycheck Protection Program. It is based on the feedback I have been getting in reaction to the piece and some further inquiries. Bottom line is that many of the questions you have...

IRS Easing Up On Collection Activity During Crisis

There were rumors that the IRS was easing up in the collections area due to COVID-19. Now with IR-2020-59 there is confirmation. If you are the type of person who arranges life to live on after-tax income, the release might not be of much interest to you. On the other...