Tax Warrior Chronicles

As guidance in this area is being released regularly, we recommend you read all of our blogs on this subject.  All the blogs in the Paycheck Protection Program series are here: Updates#1, #2, #3, #4, #5, #6, #7,#8,#9,#10,#11,#12,#13, #14, #15, #16, #17, #18,

#19, #20, #21, #22, #23

Our last Paycheck Protection Program (PPP) blog on Thursday, April 16, covered long-awaited guidance for self-employed individuals and partnerships. However, that same day, the SBA announced the PPP ran out of money.  Today, we bring you good news about additional funding and an update on eligibility guidance.

On April 9, 2020, the IRS released Notice 2020-23, providing additional relief for taxpayers affected by the ongoing coronavirus disease 2019 pandemic.  The relief provided expands the application of and provides greater clarity about prior guidance about extended federal filing and payment due dates.