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Don’t panic. There is still time. Just be on the watch for important messages from your bank.
The PPP Loan forgiveness application forms (3508, 2508EZ, and 3508S) show an expiration date on the upper right corner. That is purely for SBA internal compliance with the Paper Reduction Act and reflects only a temporary expiration date. The date will be...
New Deadline & Final Year of Good Faith Relief for 2020 ACA Reporting
The IRS recently addressed 2020 Form 1094 and 1095 reporting requirements, which apply to self-insured employers and applicable large employers (ALEs) in IRS Notice 2020-76, and include the following important developments: The furnishing deadline for 2020 Forms...
IRS Releases Draft 2020 Instructions for Forms 1094-C and 1095-C
The IRS recently published the draft instructions for the 2020 Forms 1094-C and 1095-C. As a reminder, applicable large employers (ALEs) are responsible for completing this reporting by the following deadlines: Furnishing deadline for 2020 Forms 1095-C is March 2,...