It is official that the IRS filing deadline has been extended from April 15th to May 17th. This extension is automatic so no form will need to be filed with IRS. Mississippi (and most other states) have also extended the deadline until May 17th. Strangely, however, IRS did not extend the deadline for 2021 estimated… Read More

1. There is a strong push in D.C. to have the tax deadline automatically extended until July 15th. Initially this idea was floated several weeks ago, and the IRS stated it would not be extended. However, Congress member have now stepped in “suggesting” that the extension is needed. Stay tuned. 2. It was announced this… Read More

Two items of interest that I want to make: First, there is a lot of talk about the filing deadline being extended to July 15th like what happened in 2020. We will have to wait and see what happens because last year we did not get official notice of the extended deadline until March. We… Read More

Hurricane Zeta Relief The IRS issued the following memo regarding Hurricane Zeta relief.  This only applies to residents of Harrison, Hancock, Jackson, George, Stone, and Green counties.  … Read More

“PPP Round 2?”… Read More

Borrowers delay applying for PPP loan forgiveness in hopes of better deal… Read More

Here is another story where bankers are recommending to wait to apply for PPP forgiveness.… Read More

This is an interesting article about waiting to apply for PPP forgiveness.https://www.jdsupra.com/legalnews/ppp-loan-forgiveness-why-wait-24920/… Read More

Here is a LA Times article about a potential revamped PPP loan program in the works:… Read More