Articles

June 23, 2021 | On June 22, 2021, the IRS announced the launch of the child tax credit (CTC) portal and issued additional FAQs surrounding the credit that will impact many taxpayers. As part of [...]

March 23, 2021 | For the second consecutive year, we have an extension in the tax filing and payment deadline. On March 17, 2021, the IRS extended the individual income tax filing and payment [...]

September 3, 2020 | On Friday, August 28, the IRS and Treasury Department released guidance (Notice 2020-65) on the employee payroll tax deferral as directed by President Trump’s August 8 [...]

August 31, 2020 | On Friday, August 21, the IRS announced they will stop sending overdue tax notices to taxpayers until their backlog of unprocessed mail from COVID-19 is cleared.  This temporary [...]

June 4, 2020 at 3:00 pm | Last evening the Senate passed House Resolution 7010, known as the Payroll Protection Flexibility Act (the Act). The President is soon expected to sign the Act into law. [...]

May 21, 2020 at 3:00 pm | The following information is intended to give guidance that will be the most relevant and of greatest value to our clients in regard to the loan forgiveness application. [...]

May 15, 2020 at 9:15 am | Safe Harbor Granted for PPP Loans Under $2M The SBA issued new guidance regarding the concerns that have been surfacing on payback, including who is eligible, how heavy [...]

May 4, 2020 at 3:00 pm | Late last week, the Internal Revenue Service issued guidance related to tax treatment of loan forgiveness pertaining to forgiveness achieved under the guidelines of the [...]

April 24, 2020 at 3:15 pm | To Our Simon Lever Clients and Friends: The SBA Payroll Protection Program continues to be in the news with the recent addition of $310 billion of additional funding. [...]

April 1, 2020 at 1:55 pm | To Our Simon Lever Clients and Friends: The SBA Paycheck Protection Program (PPP or PPL) applications are now available. Click here for a sample copy of the [...]