News List

We have some important updates for Social Security recipients and small businesses. Here's the latest today: The Treasury Department and the Internal Revenue Service have announced that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an Economic Impact Payment.  Instead, payments… Read more »

Here's today's latest: The IRS issued specific information for the payments that will be made to individuals and families as a result of the $2 trillion stimulus package approved by Congress and signed into law last week.  The vast majority of taxpayers do not need to take any action. More information can be found here. The Treasury just released useful documents about the… Read more »

Here's today's update:  The President announced yesterday that federal guidelines on social distancing will be extended until April 30th.  That means all Americans should avoid groups of 10 or more people, avoid discretionary travel, and consider canceling all social visits in homes.  Older residents, and others particularly at risk, should stay home. The… Read more »

A reminder about the statewide Stay-at-Home Order issued by Governor Cooper that goes into effect at 5 p.m. Monday. A useful frequently asked questions document regarding the order is available here. Restaurants that offer curbside pick up, drive-thru or delivery can remain open.  Businesses that believe they should be considered essential to remain… Read more »

Here's the latest: Yesterday, the House passed the Senate emergency coronavirus relief package and President Trump immediately signed it into law.  It will put money directly into the hands of North Carolina families and provide critical low-interest loans and grants to small businesses to help them stay afloat through the crisis.  Learn more about what's in the… Read more »

I want to focus today's update on the Coronavirus Task Force's work to protect our healthcare providers, efforts by the FDA to speed the development of new tests and treatments, and provisions in the coronavirus relief bill that will support these efforts as well as provisions aimed at helping our agricultural sector.   Protecting Our Health Care Providers — True American… Read more »

A bipartisan deal on a major coronavirus relief package was reached late last night, however several members of the Senate have identified a flaw in the language relating to Unemployment Insurance.  Senator Lindsey Graham and others think the way the provision is written, workers will be incentivized to stay home and collect payment.  Senator Bernie Sanders says he will… Read more »

The Bipartisan Coronavirus Relief Package Includes: Money for American Families: One-time tax rebate check of $1,200 per individual for those making $75k and less. For a couple it is $2,400 per couple for those making $150k and less combined $500 per child.  The payments are based on 2018 and 2019 tax returns. The payments are not taxable income. They begin to phase out… Read more »

Here's the latest: Negotiations in the Senate on a coronavirus relief package continue, and there are some signs that the Democrats may be relenting on the wish list of unrelated priorities to the legislation.  (By the way, $35 million for the John F. Kennedy Center for the Performing Arts in Washington was the latest item I was informed of last night.)  I… Read more »

While debate in the Senate on the coronavirus response remains in limbo, here are some detailed highlights included in the bipartisan package that Speaker Pelosi and Minority Leader Schumer suddenly find to be lacking.  (I provide you their list of demands at the end of this newsletter, none of which would mitigate or remedy any of the effects of the coronavirus.)   … Read more »