IRS Revenue Ruling 2021-02 PDF File

Internal Revenue Service
The Treasury Department and the Internal Revenue Service issued updated guidance allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a loan (covered loan) under the Paycheck Protection Program (PPP). Click on the links below for more info.
The Internal Revenue Service urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that, despite challenges posed by COVID-19, choose to keep their employees on the payroll. Click the links below for more info.
IRS Covid-19 Related Employee Retention Credits FAQs
IRS Form 7200 – Advance payment of Employer Credits Due to Covid-19
A very tricky credit to take so beware! Click on the links below for more info.
With the rise in tax identity theft, this is becoming a Must! Click on the link below for more info.