IRS

Guidance
COVID-19

IRS Releases Guidance on PPP Loan Forgiveness

The IRS has provided guidance on how loan forgiveness will work for the $659 billion in Paycheck Protection Program (PPP) loans from the two allocations made by Congress to the Small Business Administration (SBA).

DMLO CPAs April 30, 2020
Online banking
COVID-19

Economic Impact Payments: What You Need To Know

The IRS expects to create a portal later this month or in early May to let people update their direct deposit information and check on the status of their payment. This will allow taxpayers to receive payments immediately as opposed to checks in the mail.

DMLO CPAs April 5, 2020

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