The IRS alerted nursing homes and other care facilities that Economic Impact Payments (EIPs) belong to the recipients, not the organizations providing the care.

From dontmesswithtaxes.com

IRS has continued to update the frequently asked questions (FAQs) on its Economic Impact Payment (EIP) Information Center website. These are the updates as of June 11, 2020.

The Payment Protection Flexibility Act has been signed into law by the President. Following is a summary of the legislation’s main points compiled by the AICPA: 

The IRS has issued Publication 5419 to assist employers with the application of the employee retention credit.

On May 15, 2020, the SBA published the Paycheck Protection Program Loan Forgiveness Application (SBA Form 3508).

During a recent webinar, the IRS reaffirmed the need for tax professionals to remain diligent in assuring the security of their computer system and the confidentiality of their client’s information

On Friday, May 22nd, the SBA and the Department of the Treasury issued additional interim final rules for

In two Tax Tips, the IRS has provided updates on its suspended compliance and examination activities through the July 15, 2020 filing and payment deadline.