This article was published by the IRS. To help millions of people, the Treasury Department and the Internal Revenue Service have launched a new web tool allowing quick registration for Economic Impact Payments for those who don’t normally file a tax return. The non-filer tool, developed in partnership between the IRS and the Free File Alliance, [...]
In this week's Wednesday episode (April 8, 2020) of the Town of Plymouth's "COVID-19 Daily Update," Heather Cozby addressed the gap between the government programs being set up and the current lack of cash flow. She discussed the status of the Economic Stimulus Payments and Payroll Protection Program, as well as unemployment benefits and Economic Disaster [...]
This article was published by the IRS. Check IRS.gov for the latest information: No action needed by most people at this time. The Treasury Department and the Internal Revenue Service have announced that distribution of economic impact payments will begin in April and will be distributed automatically, with no action required for most people. However, some [...]
We wanted to alert you to a beneficial change in the tax rules for many improvements to interior parts of nonresidential buildings ("qualified improvement property" or "QIP"). You may recall that following the 2017 Tax Cuts and Jobs Act ("TCJA"), any QIP placed in service after Dec. 31, 2017 was not considered to be eligible for [...]
It is estimated that over 100 million consumers were carrying some form of credit card debt when COVID-19 became a worldwide pandemic. Approximately 60% of credit card holders carry debt month-to-month. But with unemployment numbers soaring, getting out of credit card debt may become increasingly difficult. Banks are beginning to become nervous and are tightening their [...]
