In this week’s Wednesday episode (September 15, 2021) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather delivers a "State of the IRS" report. In essence, the IRS is currently broken. Many taxpayers have been complaining about receiving numerous IRS notices but not having any access to IRS employees. In fact, the IRS is currently only [...]
Heather appeared again in this week’s Tuesday episode (December 22, 2020) of the Town of Plymouth’s “COVID-19 Daily Update” to explain the ramifications of the new COVID-19 relief bill passed by Congress earlier this week. (UPDATE: President Trump has since asked Congress to review certain aspects of the bill before he will sign it into law.) [...]
In this week’s Monday episode (June 22, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather reported that the IRS approved some relief last week. If you were 70 1/2 in 2019 and were required to take distributions from a retirement plan like a 401(k) or IRA, the question has been what would happen if [...]
In this week’s Monday episode (June 15, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather reported that last Friday, 40 bipartisan senators wrote a letter to the Trump administration asking the SBA and Treasury to make the debt forgiveness process simpler for small business. The original PPP loan application is only three pages long, [...]
In this week’s Monday episode (June 8, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather reported that the much-awaited PPP legislation was finally passed. Between the House and the Senate, there was only one individual who dissented. Small businesses should be encouraged that the government is working hard to provide them with much-needed relief. [...]
