• 6550 Rock Spring Drive, Suite 530, Bethesda, MD 20817
  • 301-962-1700
  • mendoza@mendozaco.com

Taxpayer Rights

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

On May 15, 2020 (Release 20-41), the SBA and Department of the Treasury released the Paycheck Protection Program (PPP) Loan Forgiveness Application and instructions for the application. A copy of the form may be found here.  The CARES Act Section 1102 “Paycheck Protection Program” and Section 1106 “Loan Forgiveness.

The SBA press release issued the instructions for the Paycheck Protection Program (PPP) Loan Forgiveness and the Application for the Forgiveness.,

“The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).  SBA will also soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities”,

The form and instructions include several measures to reduce compliance burdens and simplify the process for borrowers, including:

  • Options for borrowers to calculate payroll costs using an “alternative payroll covered period” that aligns with borrowers’ regular payroll cycles
  • Flexibility to include eligible payroll and non-payroll expenses paid or incurred during the eight-week period after receiving their PPP loan
  • Step-by-step instructions on how to perform the calculations required by the CARES Act to confirm eligibility for loan forgiveness
  • Borrower-friendly implementation of statutory exemptions from loan forgiveness reduction based on rehiring by June 30
  • Addition of a new exemption from the loan forgiveness reduction for borrowers who have made a good-faith, written offer to rehire workers that were declined

SBA has stated that it will be issuing additional regulations and guidance to both borrowers and lenders in regard to the forgiveness process.

If you have any questions regarding the PPP loan program, please contact Mendoza, Silva & Company for SBA Audit Compliance Services with the PPP and SBA EILD Loans.

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

Taxpayers Bill of Rights1

TAXPAYER BILL OF RIGHTS

1

The Right to Be Informed

Taxpayers have the right to know what they need to do to comply with tax laws. They are entitled to clear explanations of the law and IRS procedures in all tax forms, instructions, publications, notices, and correspondence. They have the right to be informed of IRS decisions about their tax accounts and to receive clear explanations of the outcomes.


 
2

The Right to Quality Service

Taxpayers have the right to receive prompt, courteous, and professional assistance in their dealings with the IRS, to be spoken to in a way they can easily understand, to receive clear and easily understandable communications from the IRS, and to have a way to file complaints about inadequate service.

3

The Right to Pay No More than the Correct Amount of Tax

Taxpayers have the right to pay only the amount of tax legally due and to have the IRS apply for all tax payments properly.


 
4

The Right to Challenge the IRS’s Position and Be Heard

Taxpayers have the right to raise objections and provide additional documentation in response to formal IRS actions or proposed actions, to expect that the IRS will consider their timely objections and documentation promptly and fairly, and to receive a response if the IRS does not agree with their position.

5

The Right to Appeal an IRS Decision in an Independent Forum

Taxpayers are entitled to a fair and impartial administrative appeal of most IRS decisions, including many penalties, and have the right to receive a written response regarding the Office of Appeals’ decision. Taxpayers generally have the right to take their cases to court.

 
6

The Right to Finality 

Taxpayers have the right to know the maximum amount of time they have to challenge the IRS’s position as well as the maximum amount of time the IRS has to audit a particular tax year. Taxpayers have the right to know when the IRS has finished an audit.

7

The Right to Privacy

Taxpayers have the right to expect that any IRS inquiry, examination, or enforcement action will comply with the law and be no more intrusive than necessary, and will respect all due process rights, including search and seizure protections and a collection due process hearing where applicable.


 
8

The Right to Confidentiality

Taxpayers have the right to expect that any information they provide to the IRS will not be disclosed unless authorized by the taxpayer or by law. Taxpayers have the right to expect the IRS to investigate and take appropriate action against its employees, return preparers, and others who wrongfully use or disclose taxpayer return information.


 
9

The Right to Retain Representation

Taxpayers have the right to retain an authorized representative of their choice to represent them in their dealings with the IRS. Taxpayers have the right to be told that if they cannot afford to hire a representative they may be eligible for assistance from a Low Income Taxpayer Clinic.

10

The Right to a Fair and Just Tax System

Taxpayers have the right to expect the tax system to consider facts and circumstances that might affect their underlying liabilities, ability to pay, or ability to provide information timely. Taxpayers have the right to receive assistance from the Taxpayer Advocate Service if they are experiencing financial difficulty or if the IRS has not resolved their tax issues properly and timely through its normal channels.

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

Un Negocio a la Vez

Todos los jueves de 2:30 a 3:00 pm el Contador Alejandro Mendoza presenta su programa “Un Negocio a la Vez”. Unprograma diseñado para capacitar a nuestros empresarios hispanos para maximizar los ingresos de las empresas y hacer crecer su negocio. Con el Contador Alejandro Mendoza usted aprenderá a manejar su empresa con éxito y tranquilidad. No se pierda esta oportunidad y escúchenos todos los jueves a las 2:30pm en Radio America 1540 A.M.

 

Youtube - 3.0 out of 5 based on 2 votes

User Rating: 3 / 5

Star ActiveStar ActiveStar ActiveStar InactiveStar Inactive

IRS Videos - Spanish

   

 QuickBooks

   
 
     
     

 

User Rating: 0 / 5

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

EFTPS Filling

Payroll Electronic Filling and Reporting – E-File

Knowing where to go on the internet to file  monthly or quarterly payroll deposits can be a difficult process. To help you with these requirements, we've created a list of links to the federal electronic filing system (EFTPS) and state online filing systems.

FEDERAL FILLING/REPORTING 

 
EFTPS Monthly and Quarterly Federal Deposits
   
IRS EFTPS e-file

STATE FILLING/REPORTING 

  Monthly & Quarterly Withholding Quarterly Unemployment Monthly & Quarterly Sales & Use Tax
       
MD e-file e-file e-file
VA e-file e-file e-file
DC e-file e-file e-file
CA e-file e-file e-file
  e-file e-file e-file
  e-file e-file e-file
  e-file e-file e-file
  e-file e-file e-file

About Us

Mendoza & Company, Inc. is a full-service accounting, Payroll, and Tax Resolution firm in Bethesda, MD and Miami, FL. As a client, you gain a professional team with expertise in multiple fields, providing you the right advice to strengthens your organization and long-term goals.

Mendoza & Company © All Rights Reserved 2019. Powered By mendozaco.com