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Members – Attend our First Mondays – Networking at Noon Come discuss current topics, what’s going on with your practice and network with other practitioners.  Check your email for the Continue reading “First Mondays – Networking at Noon – Join us from Noon – 1:00 pm (CST) to network with other practitioners, discuss current topics & what’s going on with your practice. Check your email for the zoom link. This a new, FREE member benefit!”…

Submitted by Richard Allen, EA There is a lot of misunderstanding about the COVID-19 “Stimulus” payments (also called Economic Impact Payments or “EIP” payments). EIP 1 and EIP 2 payments Continue reading “IRS Recovery Rebate Credit for Economic Impact Payments”…

There will be many instances this year of taxpayers receiving a Form 1099-G for Unemployment Benefits fraudulently paid by the state to a claimant pretending to be the taxpayer. How Continue reading “Dealing with Illinois Unemployment Fraud”…

by Joel Shabsin, CPA On May 1, 2020 the IRS issued Notice 2020-32 to clarify the treatment of the PPP program’s loan forgiveness. The notice discusses the allowed uses of Continue reading “Loan Forgiveness Under the PPP Loan Program”…