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Additional 2020 economic impact payments

January 23, 2021 12:28 am | By Leeann Johnson

You’ve probably heard that IRS will be making millions of ”economic impact payments” (also called ”recovery rebates”) in the near future to help people stay afloat during this time of... Read more →

Update to original Paycheck Protection Program loan rules

January 23, 2021 12:07 am | By Leeann Johnson

You have asked me about the tax consequences of the Paycheck Protection Program (PPP) loans you have taken out in connection with the coronavirus (COVID-19) crisis. You have told me... Read more →

2020 COVID relief bill provisions affecting individual taxpayers

January 22, 2021 11:59 pm | By Leeann Johnson

Here is an overview of key provisions in the recent COVID relief legislation that affect individuals. The legislation is the COVID-related Tax Relief Act of 2020 (the “Act” or COVIDTRA)... Read more →

Gilbert CPAs

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