COVID-19 NEWS
News & Videos
President Trump signed the Consolidated Appropriations Act (CAA) into law on December 27, 2020. The legislation adds a few new tax breaks for businesses and extends a bevy of other business breaks that were set to expire at the end of 2020. Click here to find out more!
The massive COVID-19 relief bill signed by President Trump on December 27, 2020, contains a variety of tax breaks and authorizes direct payments to eligible individuals (see right-hand box). The law is titled the Consolidated Appropriations Act of 2021 (CAA) but two sections of it are called the COVID-Related Tax Relief Act (COVIDTRA) and the Taxpayer Certainty and Disaster Tax Relief Act (TCDTRA). Click here to find out more!
August 24, 2020 – In the COVID-19 era, one possible source of extra cash is your Roth IRA. But, beware, some Roth account withdrawals may not be tax-free. Plus, some withdrawals taken before you turn 59½ can be hit with a 10% penalty tax. Here's a summary of the complex federal income tax rules that apply to Roth IRA distributions, including a special break for "coronavirus-related" distributions. Click here to find out more!
Additional Information
Information for Individuals
May 29, 2020 - Don’t throw away that junk mail — it might be your economic impact payment card!
Economic Impact Payments being sent by prepaid debit cards, arrive in plain envelopes from “Money Network Cardholder Services” and the card looks like the image below:
If you happen to misplace or accidentally throw away your stimulus debit card, call Money Network Cardholder Services customer service at 800-240-8100 to report your lost or stolen card immediately.
For more details, see either the IRS’ website of related FAQs or the Money Network Cardholder website.
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The IRS has opened the website for your Economic Impact Payment. CLICK HERE to go to the official (and only) IRS.gov website to:
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Check your payment status
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Confirm your payment type: direct deposit or check
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Enter your bank account information for direct deposit if we don't have your direct deposit information and we haven't sent your payment yet
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CLICK HERE for information regarding:
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Changes to the deadline for both filing your 2019 tax return and for making tax payments
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Changes related to Installment Agreements and Offers in Compromise (OIC) with the IRS
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CLICK HERE for information regarding:
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Direct payments of stimulus checks
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Unemployment benefits (Click here for instructions on how to apply for benefits)
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Changes to tax laws – e.g. extension of retirement contributions, NOL, use of retirement funds
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Information for Small Businesses
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CLICK HERE for relevant guidance on forgiveness of the SBA PPP Loan
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CLICK HERE for information regarding paid sick leave and family medical sick leave
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CLICK HERE for information regarding
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SBA loans, programs and debt relief
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Payroll tax credits and deferments
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