COVID-19 Relief: Form 990 Series Extension
April 14, 2020
Last month the IRS extended the traditional tax filing deadline for certain taxpayers from April 15, 2020, to July 15, 2020. On April 9, 2020, the IRS issued Notice 2020-23 … Continued
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 Update: Individual Taxpayer Provisions of the CARES Act
March 26, 2020
Individual Taxpayer Provisions of the Keeping Workers Paid and Employed, Health Care System Enhancement and Economic Stabilization Section – What You Need to Know Now We usually don’t see two major … 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
Families First Coronavirus Response Act Eases the Burden on Nonprofit Organizations
March 25, 2020
Nonprofits, similar to their profit-oriented counterparts, are feeling the negative effects that business interruption caused by the coronavirus pandemic can have on the ability to carry out their missions. Some … Continued
COVID-19 Tax Update: Families First Coronavirus Response Act
March 20, 2020
With non-essential type businesses shutting down (either voluntarily or state-ordered), business owners are worried and wondering whether they will be able to pay their bills and if they need (and … 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