COVID Resources

IRS

IRS Posts Information on Check Processing, 2019 Return Backlog, and Incorrect Notices

The IRS is working through a backlog of paper-filed 2019 tax returns, checks, and correspondence resulting from a COVID-19 related shutdown in mid-March. It has been reported that the IRS had as much as 12 million pieces of unopened mail waiting to be processed.

The CARES Act – Answers to questions about the employee retention tax credit

The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a refundable payroll tax credit for 50% of wages paid by eligible employers to certain employees during the COVID-19 pandemic. The employee retention credit is available to employers, including nonprofit organizations, with operations that have been fully or partially suspended as a result of a government order limiting commerce, travel or group meetings. The credit is also provided to employers who have experienced a greater than 50% reduction in quarterly receipts, measured on a year-over-year basis.

What You Need to Know About IRS Scam Calls

This summer has seen an uptick in IRS scam calls, and an evolution of strategies from the scammers themselves. We have received many calls and e-mails attempting to verify whether or not a call is legitimate, and most have unfortunately been fraudulent. On August 2nd, the IRS released a bulletin in which Commissioner John Koskinen…
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