United States Senator Mike Crapo - Idaho
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**DROPPING IN THIS ISSUE:**
- A Message of Thanks
- 5 FAQ and
Answers
*A Message of Thanks*
Fellow Idaho Senator
James E. Risch and I issued a joint guest column regarding the innovation
and compassion we are seeing as Idaho communities confront the
unprecedented challenge of COVID-19.
The following are some excerpts from
that column.
*As the novel coronavirus, or COVID-19, has spread
across our world, our communities have confronted this unprecedented
challenge head-on.
In the face of adversity, we are seeing innovation and
compassion from those working hard to contribute to the solution--the
American spirit at its best. *
*Our public health providers,
including doctors, nurses, physicians assistants, nurse practitioners,
laboratory technicians, emergency medical technicians and others**,**are
working diligently to mitigate the spread of the virus and treat those
affected.
Their strength and skill are central to an effective
response, as they work tirelessly to treat patients, identify therapeutic
medications and develop vaccines.
Public and private laboratories are
also increasing the ability to address testing needs.
*
*Individual
Idahoans have been stepping in to help neighbors, those struggling
with lost jobs and wages, and banding together as communities to fill
the needs and keep others afloat. Idahoans have donated masks, gloves,
food and other **resources.
Local small businesses are collaborating
to provide the ventilators, hand sanitizers, protective gear and other
medical equipment our health care providers need.
Our food service
providers and grocers have come together with their communities to find
ways to meet demands and limit exposures.
*
*We have considerable
work ahead to minimize this health threat and ensure families and
small businesses thrive.
The immense fortitude we are seeing in all
sectors of our communities is at the heart of the American spirit
propelling our nation's response and ensuring our recovery**.
My thanks to all
[link 1] Idahoans and Americans stepping up to these and other
challenges in order to meet the needs of their neighbors and
communities.*
*5 FAQ and Answers*
-
What are the new federal and state tax
filing deadlines?
a. The New Federal Tax Filing deadlineis *July 15,
2020* [link 2]*.*
The Idaho State Tax Filing deadline is *June 15,
2020* [link 3]*.*
2. How can small businesses apply for an Economic
Injury Disaster loan?
a. The loan advance will provide economic
relief to businesses that are currently experiencing a temporary loss of
revenue.
Funds will be made available within three days of a
successful application, and this loan advance will not have to be repaid.*
To
apply for a COVID-19 Economic Injury Disaster Loan**, **click here.
[link 4]*
3. How can small businesses apply for the Paycheck
Protection Program?
a. Small businesses and eligible nonprofit
organizations, Veterans organizations, and Tribal businesses described in the
Small Business Act, as well as individuals who are self-employed or are
independent contractors, are eligible if they also meet program size
standards.
*More information can be found HERE [link 5] and HERE [link
6].*
4. When will I receive a CARES Act recovery check?
a. The
best way to *ensure you receive a recovery rebate* [link 7] is to file
a 2019 tax return if you have not already done so.
This could be
accomplished for free online from home using the Internal Revenue Service
(IRS) Free File program
([link removed] [link 8]).
The bill also instructs the IRS to
engage in a public campaign to alert all individuals of their
eligibility for the rebate and how to receive it if they have not filed either
a 2019 or 2018 tax return.
*Social Security beneficiaries [link 9]
*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 will be automatically deposited into their bank
accounts.
5. What is the Employee Retention Credit?
a. Any employer,
regardless of size, is eligible for the credit during the calendar
year 2020 if the business: (1) is fully or partially suspended due to a
governmental order related to COVID-19, or (2) experiences a
significant decline in gross receipts (i.e., a reduction of 50 percent of gross
receipts from the same quarter in 2019).
The credit also applies to
tax-exempt organizations if the operation of the organization is fully
or partially suspended due to the circumstances described in (1)
above.
The credit generally does not apply to governmental employers,
including the U.S. Government, state and local governments, or any agency
of the foregoing.
For more information visit *Employee Retention
Credit FAQs* [link 10]*.*
**Helpful Links **
Idahoans can
continue to find updated information from Governor Little's central
information portal at [link removed] [link 11].
Additional
national guidance and information can be found through the CDC
website at [link removed] [link 12].
For additional assistance
and to keep up with what the Senate is doing please see my website at
[link removed] [link 13]
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Contact Information:
Website:
Offices:
239 Dirksen Senate Building
Washington D.C., 20510
Phone: (202)
224-6142
Idaho Falls
410 Memorial Drive
Suite 205
Idaho Falls, ID
83402
Phone: (208) 522-9779
Boise
251 East Front
Street
Suite 205
Boise, ID 83702
Phone: (208) 334-1776
Lewiston
313 'D'
Street
Suite 105
Lewiston, ID 83501
Phone: (208) 743-1492
Caldwell
524 East Cleveland Blvd.
Suite 220
Caldwell, ID 83605
Phone: (208) 455-0360
Pocatello
275 South 5th Avenue
Suite
100
Pocatello, ID 83201
Phone: (208) 236-6775
Coeur d' Alene
610
Hubbard Street
Suite 209
Coeur d' Alene, ID 83814
Phone: (208)
664-5490
Twin Falls
202 Falls Avenue
Suite 2
Twin Falls, ID
83301
Phone: (208) 734-2515
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