Tax School Blog

Paycheck Protection Program Phase II: Loan Forgiveness Terms to watch for this blog post: PPP, 75/25 Rule, Qualified Expenses, Covered Period, FTEE On March 27, the federal government allocated $349 billion in forgivable loans to…

Recovery Rebate Information Recovery rebate. Economic impact payment. Stimulus check. No matter what they call it, your clients are asking you questions about the advance of a 2020 credit that…

News from Recent IRS Notices The IRS continues to issues notices with guidance on items from the CARES Act and Families First Coronavirus Response Act. In today’s video, Tom discusses…

PPP Loans for the Self-Employed: SBA Q&A The U.S. Small Business Administration’s Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their…

Information on Coronavirus Stimulus Packages All of the acts, programs, loans, etc that have been released with the Coronavirus Stimulus Packages can get confusing. If you have tax clients that…

FAQ IRS Notice 2020-18: Federal Tax Relief Tom walks us through the frequently asked questions as posted by the IRS regarding Notice 2020-18, which provides special Federal income tax return…