Monthly Archives: September 2020

Federal benefit recipients with children have more time to the $500 Stimulus Payment

The IRS has reopened the registration period for individuals who receive Social Security, Supplemental Security Income, Railroad Retirement or veteran’s benefits, but didn’t receive $500 per child earlier this year when they received their own stimulus payment. Federal benefit recipients … Continue reading

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Dave and Buster’s Warns of Bankruptcy

The prognosis for Dave and Buster’s Entertainment looks increasingly dire as the coronavirus economy takes a massive bite out of revenue and the company looks to layoff hundreds of workers. The company warned that it may need to file for … Continue reading

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Ex-Owner in $146 Million Elder Care Default is Charged in Ponzi Case

A Chicago-area rabbi, who formerly owned a nursing home chain at the heart of the biggest default in the history of a federal mortgage-guarantee program, has been indicted on federal charges of stealing millions of dollars from investors. The $146 … Continue reading

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Judge Approves Plan to Sell Briggs & Stratton

Briggs & Stratton’s unsecured creditors will receive 7 to 10 cents on the dollar depending on when the company completes its bankruptcy court-approved sale to KPS Capital Partners. The final amount will depend on how quickly Briggs can complete its … Continue reading

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U.S. Details Up to $14 Billion in New Aid for Farmers

The U.S. Agriculture Department released the details of a second round of COVID-19 aid for farmers, which will pay up to $14 billion to growers of corn, soybeans, wheat, livestock and tobacco as well as dairy. The aid follows the … Continue reading

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Settlement Cancels $330 Million is Private Loans to ITT Students

An agreement involving a federal regulator and attorney generals from 47 states came to the agreement that covered debts of tens of thousands of former students of ITT Technical Institute. Those covered incurred the debt through ITT’s Peak loan program … Continue reading

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Guidance Issued to Implement Presidential Memorandum Deferring Employee Social Security Tax Withholding

The Department of Treasury and the Internal Revenue Service issued guidance on implementing the Presidential Memorandum allowing employers to defer withholding and payment of the employee’s portion of the Social Security taxes if the employee’s wages were below a certain … Continue reading

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Feds Make Another Arrest Amid Allegations of More Than $1 Billion in Bad PPP Loans

The feds made another arrest in connection with Paycheck Protection Program loan fraud. Attorney Jae H Choi of Fort Lee, N.J. has been accused of obtaining close to $9 million in PPP loans under fraudulent circumstances. Choi has been charged … Continue reading

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Tax Deadline for Extension Filers is Almost Here

The October 15 filing deadline is quickly approaching. If you filed an extension for your federal or state taxes don’t forget to get your returns on file before Thursday, October 15. Are you ready to file now? We can help … Continue reading

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Federal Grand Jury Indicts Large Kansas City Landlord

A Federal Grand Jury in St Louis indicted one of Kansas City’s biggest apartment landlords after a year of investigations that uncovered terrible living conditions across multiple Kansas City area apartments. Michael Fein, owner and vice president of TEH Management … Continue reading

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