In this week’s Wednesday episode (May 6, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather Cozby gave an update on the status of debt forgiveness for the PPP loans, which were not intended to be considered taxable income. This week the IRS confirmed that while the loan forgiveness itself is not taxable income, any [...]
The IRS has been releasing stimulus payments over the last few weeks to help give a cushion to millions of Americans during this time of crisis. While this will undoubtedly offer some help, it's also important to look for ways to save and cut back on expenses until things become more certain down the road. There [...]
In this week’s Wednesday episode (April 29, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather Cozby gave an encouraging update: over the last week, she's seen money flowing through all the program channels, including stimulus payments, federal unemployment payments, PPP funds, and economic injury disaster loans. Individuals and businesses may not be notified when [...]
This article was published by the IRS. Special alert for VA, SSI recipients who don’t file a tax return and have dependents The Internal Revenue Service has issued a special alert for Supplemental Security Income and Department of Veterans Affairs beneficiaries to act by May 5 if they didn’t file a tax return in 2018 or [...]
In this week’s Wednesday episode (April 22, 2020) of the Town of Plymouth’s “COVID-19 Daily Update,” Heather Cozby provided additional clarification as to who qualifies for the economic stimulus payments, whether they are considered taxable, and whether any portion of these payments will need to be refunded should personal circumstances change in the year ahead. She [...]
