Members – Attend our First Mondays – Networking at Noon beginning February 1, 2021 at Noon. Come discuss current topics, what’s going on with your practice and network with other Continue reading “First Mondays – Networking at Noon – Join us on February 1st from Noon – 1:00 pm (CST) to network with other practitioners, discuss current topics & what’s going on with your practice. Check your email on January 28 for the zoom link. This a new, FREE member benefit!”…
Author: jsingerAdmin
IRS Recovery Rebate Credit for Economic Impact Payments
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”…
Dealing with Illinois Unemployment Fraud
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”…
Loan Forgiveness Under the PPP Loan Program
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”…