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 due as soon as possible to reduce penalties and interest.
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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 lesser amount; B. $5,000.00/secured or any lesser amount; C. $5,000.00/10%/secured or any lesser amount; D. Cash only bond of $500.00 or any lesser amount; shall be released on their own recognizance (ROR) with the monetary bond amount to be the same as set forth in the bond documents (for example, $5,000.00 ROR). 2. Any additional conditions of release shall apply and be communicated to the defendant. 3. Notwithstanding any return date on the bond, the defendant shall be given a next court date approximately thirty (30) days from the release, on the day and time indicated on the warrant, with said date to be determined by the judicial officer/division in which the defendant’s case is pending and with said date to be communicated to said defendant prior to said defendant’s release on his/her own recognizance. IT IS FURTHER ORDERED that any law enforcement agency arresting a defendant on such warrant is authorized to release any defendant on the terms set forth above without transporting said defendant to the JCDC
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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 in applying for loans to be forgiven. SBA announced last week that it had received only 96,000 loan applications and has not processed any applications. Treasury and SBA officials have said they plan to begin considering the applications soon. SBA officials say they opened the system for forgiveness August 10. The agency has 90 days to consider each application after it receives bank approval, according to the CARES Act.
Confused by the effects of the coronavirus? We can help. Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.
Southwest Airlines said that it is asking unions to agree to pay cuts in order to prevent furloughs and layoffs as the industry struggles to slow losses from the coronavirus pandemic Unions represent about 83% of Southwest employees. Non-union staff salaries are to be cut by 10 percent until January 1, 2022, when they will return to the current level. The union representing Southwest pilots said that it had tentatively agreed to meet and discuss cost savings if a second COVID-19 relief package does not pass. American Airlines and United Airlines began furloughing 32,000 employees when a ban on job cuts expired.
Are you affected financially due to the coronavirus? We can assist you. Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.
Nearly 1,600 Wells Fargo customers say the bank paused their mortgage payments without their consent according to communication that the bank sent to two U.S. senators in August and September. The letters also indicate that the bank didn’t know how many customers had been affected by its practice of placing them in so-called forbearance programs. In July, an NBC News investigation detailed how Wells Fargo had suspended customers’ mortgage payments without their permission during the COVID-19 pandemic. Placing customers in unwanted forbearance can harm borrowers’ credit reports. The conduct can prevent borrowers from refinancing their home loans to benefit from record-low interest rates. Wells Fargo stated that it was trying to help borrowers potentially harmed by the pandemic by pausing their mortgage payments.
Are you a victim of a similar fraudulent matter? Contact our office at 816-524-4949, or you can visit our website at hoorfarlaw.com to see what our attorneys can assist you with.
Cineworld announced today that it will close all of its movie theaters in the United States this week after the postponement of the new James Bond film left a big hole in schedules. The closures affected 536 U.S.-based Regal Cinemas and 127 Cineworld and Picturehouses in the U.K. The closures will happen on Thursday. Approximately 45,000 employees are affected. Cineworld did not share any plans for a reopening date and claimed it would be watching the situation closely. Many U.S. theaters have reopened after being closed due to the coronavirus in March, but audiences have been slow to return as the country has continued to struggle with coronavirus.
Struggling financially? Please contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.
During Small Business Week, the IRS reminds business owners and self-employed individuals of employer credits available during COVID-19. These special credits were created to help small business owners during this unprecedented times. Reach out to your tax professional to see if your business qualifies for any of the following COVID tax credits; Employee Retention Credit, Paid Sick Leave Credit, or the Family Leave Credit. All of these credits are available to small business owners who meet the eligible criteria for the period of April 1, 2020 to December 31, 2020.
Inquiring about taxes? Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.
President Trump’s payroll tax holiday took effect on September 1. Participating employers can expect heftier responsibilities, while workers who participate in the holiday could see a temporary pay boost this fall and a dip in January. The employees may see a boost in their take home pay for the rest of the year, however they will see smaller checks next year as the deferred taxes are payed back to the IRS. The tax holiday is only a deferral and not a forgiveness of the 6.2% tax that employees pay towards Social Security.
Inquiring about taxes? Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.
The CDC and the Trump Administration issued an order that would make it illegal to evict an individual who expects to make less than $99,000 or a joint-filing couple that expects to make less than $198,000 in 2020. The order does not remove their obligation to pay rent owed per the terms of their lease, however they will be allowed to stay in their home through the end of the year. In order to qualify for the eviction protection, a tenant must declare that their 2020 income will fall below the threshold; they’ve sought all potential sources of housing aid; and that they cannot afford to pay the rent due to a pandemic-related job loss or expense despite their best efforts to do so.
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Casino operator of MGM Resorts International informed its staff in August that is would lay off 18,000 furloughed employees in the U.S. as the coronavirus-induced travel reductions hurt its operations. MGM employed almost 52,000 fulltime and 18,000 part-time workers in the U.S. as of December 31, 2019. MGM was forced to close all of its casinos and furlough about 62,000 of its workers in the U.S. in March because of the coronavirus lockdowns. It brought back many of its employees when its casinos opened for business as some of the restrictions eased, but it still had to leave many thousands on furlough.
Are you affected financially due to the coronavirus? We can assist you. Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com to schedule an appointment.