IRS Processing and Refund Delays
he following information is presented in order to illustrate the lack of responsiveness by the IRS in processing refunds, addressing correspondence, and even processing tax returns. The data relayed to…
Great News Regarding PPP Loan Forgiveness!
The CARES Act provides that a recipient of a PPP loan may use the loan proceeds to pay payroll costs, certain employee benefits relating to healthcare, interest on mortgage obligations,…
Loan Forgiveness for the Paycheck Protection Program
The IRS recently released two documents related to PPP loan forgiveness.Revenue Ruling 2020-27: This addresses the deductibility of covered expenses when the loan is expected to be forgiven. Situation 1-During…
How to Change Your Address with IRS
Caution: This explanation is general in nature and should not be used for specific planning. Contact a tax professional for your specific planning needs. Change of Address A taxpayer’s last…