by Rupinder | Feb 19, 2021 | Uncategorized
The IRS has released a statement alerting taxpayers that approximately 260,000 CP59 Notices should not have been sent. These IRS notices are generally issued to taxpayers who have failed to file a tax return for the prior calendar year. “Due to pandemic related...
by Rupinder | Feb 4, 2021 | Uncategorized
Join Jessica L. Jeane, J.D., NSA’s Director of Public Policy, on Thursday, February 11, 2021, at 2:00 PM ET, for a 1-hour webinar titled Legislative Review: Consolidated Appropriations Act, 2021 –Changes to Paycheck Protection Program (PPP) and Employee...
by Rupinder | Feb 1, 2021 | Uncategorized
Today, the National Society of Accountants (NSA) sent a letter to Treasury Secretary Janet Yellen and IRS Commissioner Charles P. Rettig voicing concerns raised by NSA members regarding the delayed and now shortened 2021 tax filing season. The letter outlines various...
by Rupinder | Jan 30, 2021 | Uncategorized
The U.S. Small Business Administration (SBA), in consultation with Treasury, released late in the evening of January 29 updated Paycheck Protection Program (PPP) Loans Frequently Asked Questions (FAQs). Specifically, the PPP FAQs have been updated with new questions...
by Rupinder | Jan 20, 2021 | Uncategorized
The U.S. Small Business Administration (SBA), in consultation with Treasury, released late in the evening of January 19 a new Paycheck Protection Program (PPP) interim final rule (IFR) and revised loan forgiveness applications. Additionally, the SBA and Treasury...
by Rupinder | Jan 17, 2021 | Uncategorized
The U.S. Small Business Administration (SBA) has released additional Paycheck Protection Program (PPP) guidance regarding forgiveness application resubmissions and excess loan amount errors. PPP Loan Forgiveness Application ResubmissionSBA Procedural Notice, CONTROL...
