Paycheck Protection Program receiving applications by June 30
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. Applications are received by June 30. Click in Bio for more info.
IRS reminder: June 15 tax deadline postponed to July 15 for taxpayers who live and work abroad
The Internal Revenue Service reminds people who live and work abroad that they have until Wednesday, July 15, 2020, to file their 2019 federal income tax return and pay any tax due. The usual deadline is June 15. This extension was included in a wide range of Coronavirus-related relief announced in early April. The extension generally applies to all taxpayers who have an income tax filing or payment deadline falling on or after April 1, 2020, and before July 15, 2020.
IRS adds phone operators to answer Economic Impact Payment questions
You can get answers regarding the Economic Impact Payments in the IRS webpage or with the Get My Payment tool. However, more phone operators have been added to answer common questions regarding these stimulus.