WASHINGTON – The Internal Revenue Service issued guidance for employers claiming the employee retention credit under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as modified by the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Relief Act), for calendar quarters in...
CNN - President Donald Trump on Saturday signed an extension of the small business loan Paycheck Protection Program into law, according to the White House. House lawmakers unanimously passed the extension less than a day after the program expired, and PPP will now remain open to applications through August...
The IRS expanded the number of taxpayers who qualify to tap into their retirement plans using the generous provisions of the CARES Act. The IRS also answered questions about details of distributions and loans under the CARES Act that have been asked by employers, employees,...