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Friends, I continue to hear reports of scammers trying to take advantage of the COVID-19 pandemic. This includes bogus charities, claims of vaccinations or home testing kits for sale, and people claiming to be from the IRS calling to ask for personal information to process your stimulus payment. *** It appears as though many of these scams are directly targeting our older… Read more »

UPDATE for small business owners, independent contractors, sole proprietors, and the self-employed: We've all been eagerly awaiting the Interim Final Rules from the SBA on the new Paycheck Protection Program. (See this page for an overview of this program.) *** Just a little while ago, the SBA released that document, which can be found through the link below. The window to apply for… Read more »

Some good news for those on Social Security regarding the $1,200 direct payment that most Americans will soon receive from last week's COVID-19 stimulus package. I've heard from many seniors on Social Security who were concerned because the IRS will be using 2019 tax returns to determine eligibility and process these payments. (Or 2018 returns for those who haven't yet filed 2019.) The… Read more »

Here’s an important update on the coronavirus stimulus package, which is known as the “CARES Act.” This is the third major piece of legislation from Congress dealing with COVID-19. Yesterday, the CARES Act unanimously passed the Senate. Tomorrow (Friday), the House of Representatives is expected to vote on it. After digging through the details of this legislation, I am supporting its… Read more »

By mid-December, doctors in Wuhan, China knew some type of virus was spreading quickly. By late-December, “spreading quickly” became “spreading exponentially.” With a population of 11 million and more than 175,000 people traveling in & out of Wuhan daily, Chinese health scientists knew this would soon be a worldwide crisis. Yet on January 1st the Chinese government ordered those… Read more »

GOOD NEWS from the Senate overnight on a third piece of legislation to address the economic fallout from the coronavirus. But NEVER FORGET how this all played out… As of 5 AM this morning, numerous reports indicate there are “no substantive changes” from the deal that was being wrapped up Sunday night, right before Nancy Pelosi waltzed in from California and insisted on a laundry list of… Read more »

Because lives and public health are at stake during this unexpected crisis, the federal government will need to spend well over $1 trillion in response to COVID-19. That's on top of our $23 trillion debt, which grows by more than $100 million every hour, day and night. Let's be clear: we HAVE to do what needs to be done, and our nation WILL get back on its feet again. But we are on a… Read more »

In the midst of a crisis, Nancy Pelosi & Co. are actively engaged in mindless obstruction. This is truly outrageous. Over the last five days, a BI-PARTISAN group of senators has been working around the clock on a third piece of legislation to address the economic fallout from the coronavirus. (A refresher on Bills #1 and #2 can be found below.) Because of the coronavirus, many lives… Read more »

Some good news coming out this morning to help ease the burden on taxpayers during the pandemic. The IRS has now extended the tax FILING deadline from April 15th to July 15th. Earlier this week, the PAYMENT deadline to remit any federal taxes you may owe was extended to July 15th, but you still had to file (or at least file an extension) by the traditional April 15th deadline. With… Read more »

Two updates for this Thursday afternoon:   First, we’re seeing a spike in the number of scams right now trying to exploit our fears over this disease. Everything from bogus charities to people claiming to have vaccinations for sale. Friends, let’s be extra vigilant right now and on guard for this type of nonsense. Also, please spend a few minutes talking with friends or… Read more »