With the CARES Act signed into law, many taxpayers are wondering if they qualify for the economic impact payment and when they can expect to receive theirs. Here are the answers to the most commonly asked questions surrounding this new stimulus incen...

On March 27, 2020, President Donald Trump signed the Coronavirus Aid, Relief and Economic Security Act (CARES Act) into law, which is aimed at providing significant tax and non-tax stimulus to individuals and businesses. Created as a result of the CO...

Michigan Governor Gretchen Whitmer has signed an executive order extending the state tax filing and payment deadline amid the coronavirus pandemic from April 15, 2020 to July 15, 2020. This decision comes after the Internal Revenue Service pushed bac...

After extensive negotiations between the U.S. House of Representatives, the U.S. Senate and the White House, an agreement has been reached on a massive stimulus bill to address the financial and health care crisis resulting from the Coronavirus (COVI...

In an effort to enhance Governor Whitmer’s “Stay Home, Stay Safe” executive order, Oakland County Executive David Coulter has put an executive health order in place requiring COVID-19 screening procedures for employees of essential businesses a...

Small businesses across the nation continue to be significantly impacted by the Coronavirus (COVID-19) outbreak, leaving them in need of financial assistance to stay afloat. As part of its Economic Injury Disaster Loan Program, the U.S. Small Busines...

COVID-19 is creating quite a disruption in today’s environment, including on our national and local economies, as well as market and interest rates. However, there is one area where taxpayers could use this disruption as a tax benefit. While wealth...

In response to the Department of Treasury’s decision to move the tax filing deadline to July 15, 2020, the Internal Revenue Service (IRS) issued Notice 2020-18, providing guidance on the federal filing and payment extension. Notice 2020-18 supersed...