This video was published by the IRS. The IRS deadlines to file and pay federal income taxes are automatically extended to July 15, 2020. The extensions generally apply to many taxpayers who have a deadline falling on or after April 1, 2020 and before July 15, 2020. People, trusts, estates, corporations, and other non-corporate tax filers [...]
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 [...]
Live music and local businesses are very near and dear to my heart. For that reason, Cozby & Company is proud to be a Presenting Sponsor of "Couchella" this Saturday, May 9, 2020 from 7-10pm. Below is a brief clip I put together for the event. This virtual fundraising concert will benefit the Plymouth One Fund, [...]
This article was published by the IRS. Frequently Asked Questions General Information Determining the Amount of the Tax Credit for Qualified Sick Leave Wages Determining the Amount of the Tax Credit for Qualified Family Leave Wages Determining the Amount of Allocable Qualified Health Plan Expenses How to Claim the Credits How Should an Employer Substantiate Eligibility [...]
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 [...]
