ALERT! 2020 Tax Date Delay AND Unemployment Income Now Tax Free

A surprise tax break for the unemployed is creating havoc on filing tax returns this year. Here is what you need to know. Individual tax filing due date: May 17, 2021 (was April 15, 2021) Unemployment income: $10,200 per person not subject to federal tax (was taxable) A surprise tax break for 2020 was passed into law in March of …

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SBA announces PPP process changes

The U.S. Small Business Administration (SBA) announced changes Wednesday designed to reduce delays in the Paycheck Protection Program (PPP) approval process. Millions of small businesses have applied for PPP forgivable loans since it reopened Jan. 11 with $284 billion in fresh funding. A significant percentage of those applications has been held up by process and system issues …

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IRS Identity Theft Program NOW OPEN! – New one-time use PIN option available for all

After a long pilot program, the IRS is making its identity theft PIN program available to all taxpayers. Here is what you need to know. The IRS is expanding a pilot program that uses Identity Protection Personal Information Numbers (IP PINs) to provide an extra layer of security for all taxpayers. Here is what you …

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