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Author Archives: Camron Hoorfar
8 Million Americans Have Fallen into Poverty Since May
Two new studies have found that after an ambitious expansion of the safety net in the spring saved millions of people from poverty, the aid is now largely exhausted and poverty has returned to levels higher than before the coronavirus … Continue reading
YogaWorks Files for Chapter 11, Plans to Close All Studios
YogaWorks Inc. has filed for bankruptcy and plans to permanently close its dozens of studios across the U.S. but keep offering virtual classes. The California-based yoga studio chain is the latest fitness business to succumb to shutdowns and restrictions on … Continue reading
IRS extends Economic Impact Payment registration deadline for non-filers to Nov. 21
The deadline to register for an Economic Impact Payment using the IRS Non-Filers tool has been extended to November 21, 2020. People who don’t normally file a return and have not yet received their stimulus payment are urged to use the tool … Continue reading
John McAfee arrested, indicted on tax evasion charges, sued for fraud
Cybersecurity eccentric, John McAfee, is under arrest in Spain awaiting extradition to the United States after being indicted on federal tax evasion charges. The filing alleges that McAfee deliberately not only avoided paying federal taxes from tax years 2014 through … Continue reading
New forgiveness application for PPP borrowers with smaller loans
Small businesses that obtained PPP loans of $50,000 or less can now use a streamlined application to apply for forgiveness. This is expected to affect about 3.6 million borrowers according to the SBA. The SBA and Treasury Department remain committed … Continue reading
OxyContin Maker Purdue Nears Guilty Plea Agreement in U.S. Criminal Probe
Purdue Pharma LP, the OxyContin maker controlled by members of the wealthy Sackler family, is nearing an agreement to plead guilty to criminal charges as part of a deal to resolve U.S. Justice Department probes into its alleged role in … Continue reading
Restaurant Chain Ruby Tuesday Files for Chapter 11 in Delaware
Restaurant chain Ruby Tuesday Inc. filed Chapter 11 bankruptcy in Delaware as it seeks to stabilize its finances during the pandemic. The filing comes after the company reached an agreement with secured lenders to support a restructuring plan. Ruby Tuesday’s … Continue reading
Oct. 15 deadline nears for taxpayers who requested tax filing extensions
The IRS reminds taxpayers who filed an extension that the October 15 deadline to file is quickly approaching. Taxpayers should file on or before this deadline. Taxpayers are urged to file electronically, request direct deposit for refunds, and pay amounts … Continue reading
Jackson County, Missouri Issues New Order about Bond and Release procedures
IT IS HEREBY ORDERED, effective immediately and continuing until November 30, 2020, as follows: 1. Any defendant arrested on a warrant who is to be delivered to the JCDC with any of the following bonds/bond amounts: A. $5,000.00/10% or any … Continue reading
Pressure Mounts on SBA to Forgive Loans, Prevent Fraud
The Treasury Department and SBA have not yet forgiven any of the 5.2 million emergency coronavirus loans issued to small businesses. Small businesses that received Paycheck Protection Program funds, as well as their banks, have been frustrated by the difficulty … Continue reading