Month: February 2021

The Economic Aid Act, included in the 2021 Appropriations Act, passed Congress on December 21, 2020, and was signed into law on December 27. Among several other economic assistance provisions, the bill expanded the Paycheck Protection Program (“PPP”) to include second draw loans for hard-hit small businesses. Be sure to contact Ross & Moncure if…

We have received many client phone calls and emails wondering about outdated notices from the IRS, missing refunds and missing stimulus payments. IRS Operations are now focused on keeping mission-critical functions going. They are open and processing mail, tax returns, payments, refunds and correspondence; however, COVID-19 continues to cause delays. Please expect delays in the…