Category: COVID-19
COVID-19 Update: Extended Filing & Payment Deadlines and Net Operating Loss Guidance
April 10, 2020
IRS Notice 2020-23 – Extended Time to File and Pay Taxes< Yesterday, the IRS released Notice 2020-23 which vastly broadens the scope of tax returns and tax payments originally due … Continued
COVID-19 Update: New Rules for Taking Hardship Distributions and Loans from Qualified Plans and IRAs
March 30, 2020
Many Americans are taking a financial beating as a result of the COVID-19 pandemic. It’s bad enough that those with a retirement plan are seeing their retirement savings take a … Continued
COVID-19 Update: Paycheck Protection Provisions of the CARES Act
March 27, 2020
Paycheck Protection Provisions of the Keeping Workers Paid and Employed, Health Care System Enhancement and Economic Stabilization Section – What You Need to Know After much debate, Congress passed the … Continued
COVID-19 Update: Business Provisions of the CARES Act
March 26, 2020
Business Provisions of the Keeping Workers Paid and Employed, Health Care System Enhancement and Economic Stabilization Section – What You Need to Know Now As we mentioned in our last … Continued
COVID-19 Relief: Single Audit Extension
March 26, 2020
On March 19, 2020, the U.S. Office of Management and Budget (OMB) released memorandum M-20-17, Administrative Relief for Recipients and Applicants of Federal Financial Assistance Directly Impacted by the Novel … Continued
COVID-19 Tax Relief: Extension to File
March 20, 2020
Posted by Jordon N. Rosen, CPA, AEP The BLS Team is actively monitoring the rapidly developing changes related to COVID-19 and will continue to provide updates as they apply to our … Continued
COVID-19 Tax Relief: Extension to Pay
March 19, 2020
I thought I had seen it all after 42 years in practice. I was wrong. The events surrounding the Coronavirus pandemic that have changed our daily lives for the foreseeable … Continued