2021 TAX SEASON EXTENDED: BBB WARNS PROTECT YOUR TAX RETURN & REFUND

April 2, 2021

Rockford, IL – March 30, 2021 – The IRS has extended the tax filing deadline from April 15th to May 17th. That extension also increases the probability of tax identity theft. I.D. Theft is a growing problem. A recent Federal Trade Commission report shows that 1.4 million identity theft complaints were filed in 2020, which is nearly double the number filed in 2019. I and included in those numbers are those for tax i.d. theft. The Better Business Bureau says this a significant issue and should be top of mind for all taxpayers.

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March 31, 2021

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Congress Approves PPP Extension thru May 31st

March 30, 2021

The Senate last week approved legislation extending the Paycheck Protection Program through May 31, a week after the House approved the same extension. The PPP was reauthorized at $284 billion earlier this year and was scheduled to expire March 31.

The bill also gives the Small Business Administration until June 30 to process backlogged PPP loan applications.