Covid-19 Pandemic

Covid slows down tax refunds at IRS. Due to the government lockdown of the IRS during the IRS pandemic's winter months, both in 2020 and 2021, the IRS has had a difficult time catching up with the Tax Returns that have been filed, and at the s... Read More

Family gets prison for Covid fraud. Three members of a San Fernando Valley family have been sentenced two of them in abstentai after they fled justice following their convictions at trial--to years in federal prison for scheming to fraudulently... Read More

IRS still behind due to Covid. The IRS, which closed down back in January of 2020 until nearly July of 2020, fell behind dramatically from the assigned duties that Congress has mandated by 15law that the agency carry out. In addition to its no... Read More

Pandemic relief has lots of tax credits. The recently passed $1.9 trillion Pandemic Aid Bill is best known for the $1400 checks that most Americans will receive as a result of the bill, passed by Congress and signed into law by President Biden. Th... Read More

Americans draining retirements due to covid. Nearly 60% of Americans withdrew from their retirement accounts during the pandemic, according to a recent survey from finance magazine Kiplinger and Personal Capital, a wealth management organization. ... Read More

Tax hits to pandemic closed businesses. Thousands of small businesses have shut down because of the COVID-19 pandemic. Adding insult to injury, many are facing tax hits as they wind down. Small businesses have felt the brunt of the COVID-19 pandem... Read More

Stimulus to expire during pandemic winter. A number of critical COVID-19 economic relief programs will expire at the end of the year, threatening the stability of the U.S. economy as the country enters an uncertain winter and 2021. After the CARES... Read More

IRS catching up after covid shutdown. During a political showdown between Republicans and Democrats, the government was shut down nearly and year and a half ago. The result for the IRS was getting back up to speed, as they had nearly 1.5 million p... Read More

Covid tax relief updates. After a brief shutdown of the EIDL portal on the SBA website due to the sheer number of applications received, the SBA resumed accepting applications for their loan program. The EIDL grant monies, which issued advanced lo... Read More

Taxing billionaires to fight covid. The idea of taxing the ultra-wealthy to cover the immense cost of fighting the coronavirus pandemic has gained steam in recent weeks. Not only would a wealth tax have to get through both Houses of Congress--it w... Read More