Monthly Archives: March 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES) was signed by President Trump on March 27. The bill includes nearly $2 trillion in funds for coronavirus relief for individuals and families, businesses, hard-hit industries, health care, states and municipalities, and more. The bill includes: $349 billion small business loan program (including nonprofits and physicians) […]

Illinois has extended the income tax filing and payment deadline to July 15, 2020, to match the federal postponement in light of COVID-19. Important to note: Applies to all individual returns, trusts and corporations No extensions need to be filed, and interest and penalties are waived for the period Penalties and interest begins to accrue […]