COVID-19 Resource Center

Some People are Required to Return Economic Impact Payments that were Sent Erroneously

The IRS and the U.S. Treasury had disbursed 160.4 million Economic Impact Payments (EIPs) as of May 31, 2020, according to a new report. These are the payments being sent to eligible individuals in response to the economic threats caused by COVID-19. This information was accurate as of 6/30/20.

Economic Impact Payments

According to the IRS, millions of eligible Americans have already received their Economic Impact Payments (EIPs) as part of the CARES Act, via direct deposit or paper checks. Others are still waiting. Here are some answers to questions you may have about EIPs. This information was accurate as of 6/24/20.

Does Your Company Give an Emergency Succession Plan?

As COVID-19 pandemic has made clear, a business owner may suddenly vanish from the picture — leaving the company adrift in a time of crisis. In such an instance, a traditional succession plan may be too cumbersome or indistinct to execute. That’s why every company should create an emergency succession plan. This information was accurate as of 6/03/20.

Business Meal Deductions: The Current Rules Amid Proposed Changes

Restaurants and entertainment venues have been hard hit by the novel COVID-19 pandemic. The treatment of meal and entertainment expenses became more complicated after the TCJA. It’s possible the deductions could increase substantially under a new stimulus law, if Congress passes one. This information was accurate as of 6/01/20.