Illinois Department of Revenue Bulletin: Changes to Estimated Payment Requirements due to COVID-19 Virus Outbreak
In response to the coronavirus pandemic, Treasury Secretary Steven Mnuchin announced on Tuesday, March 17th, that the Trump Administration is granting an additional 90 days to pay taxes owed, without any interest or penalties. Individuals can defer up to $1 million dollars of tax liability and corporations up to $10 million in tax liability.
The filing ... Read More ›
The Paycheck Protection Program (“PPP”) was established under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The PPP authorizes up to $349 billion in forgivable loans to small businesses and charitable nonprofit organizations to pay their employees during the COVID-19 crisis.
All businesses and charitable nonprofit organizations, sole proprietorships, self-employed individuals, and independent contractors with ... Read More ›