Month: May 2020

5 reasons why you haven’t received your stimulus check

The nationwide lockdown has disturbed the U.S. economy significantly. More than 30 million Americans have filed for unemployment, and more are to follow. [...]

A look at the latest state-by-state Economic Impact Payment figures

The Treasury Department and the Internal Revenue Services recently released the updated state-by-state figures of the Economic Impact Payments made in the [...]

Everything you need to know about the NOL carryback for businesses

Net Operating Loss (NOL) provision has long been a massive support for businesses incurring an overall net loss in a tax year. The tax code helped such [...]

Five reasons why your Stimulus Check might be less than you expected!

The Internal Revenue Service and the Treasury have recently announced successfully delivering 130 million Economic Impact Payments and more on their [...]

The updated FAQs for Employee Retention Credit and Form 941

The Paycheck Protection program has been a significant relief for small businesses to fight the COVID-19 pandemic. But apart from the PPP, there is [...]

The 4 changes you should know about the redesigned 2020 IRS Form W-4

We are sure amid the pandemic, you might have missed hearing about the newly redesigned W-4 Form released by the IRS. W2 Forms are used to adjust income [...]

What CARES Act Means For Graduates and College Students

COVID-19 has changed our lives drastically. Who would have thought to pass almost half an academic year taking virtual classes, right?  What does [...]