IRS & SBA Links to Coronavirus Financial Relief Information

The U.S. Treasury has issued borrower guidance related to calculating eligible loan amounts and the required supporting documents. Please review this guidance and provide the required information and supporting documents required for your entity type. You will be required to certify the accuracy of this information on your loan application. Please be advised that not …

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Why do I have to pay quarterly estimated tax payments?

Every taxing authority requires taxes to be prepaid. The only exceptions are for amounts due that are below the threshold for making prepayments.       You owe less than $1,000. Your withholding and estimated taxes paid were at least 90 percent of the current year tax liability, or 100 percent of the prior year …

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5 reasons you haven’t yet received a stimulus check

Here’s what you need to know. Stimulus Checks Last week, the IRS started sending stimulus checks to tens of millions of Americans. These stimulus checks — also known as Economic Impact Payments — are part of the CARES Act, the $2 trillion stimulus package. If you qualify, you could receive as much as $1,200 and …

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Non-Filers: Enter Payment Info Here

Non-Filers: Enter Payment Info Here | Internal Revenue Service If you are not required to file an income tax return for both 2018 and 2019, you must still provide information to the IRS to receive a stimulus check. Click the link above to go to the IRS webpage where you can provide the necessary information …

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COVID-19: CARES Act Allows $100,000 IRA Distribution if Repaid within 3 years.

If you are an IRA owner who has been adversely affected by the COVID-19 pandemic, you are probably eligible to take tax-favored distributions from your IRA(s). For brevity, let’s call these allowable COVID-19 distributions “CVDs.” They can add up to as much as $100,000. Eligible individuals can recontribute (repay) CVD amounts back into an IRA …

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