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Businesses, charities, and others must update responsible party within 60 days of any change

In the IRS IR-2021-161, the IRS reminded that businesses, charities, and others with Employer Identification Numbers must update responsible party information within 60 days of any change. IRS regulations require EIN holders to update responsible party information within 60 days of any change by filing Form 8822-B, Change of Address or Responsible Party - Business.

By |2021-08-19T15:53:50+00:00August 1st, 2021|Categories: Business|Tags: , , , , , , , , , , |

Partial PPP Loan Forgiveness Remains if 60% Threshold not Met

On a joint statement Monday from SBA Administrator Jovita Carranza and Treasury Secretary Steven Mnuchin clarified that partial loan forgiveness will also be available under the 60% threshold. Statement - https://home.treasury.gov/news/press-releases/sm1026 Article - https://www.journalofaccountancy.com/news/2020/jun/partial-ppp-loan-forgiveness-remains-60-percent-threshold.html

By |2021-01-05T11:33:03+00:00June 9th, 2020|Categories: Business|Tags: , , , |
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