Update March 29, 2021
RELIEF FOR FORM 1040 FILERS AFFECTED BY ONGOING CORONAVIRUS
DISEASE 2019 PANDEMIC

Form 1040, final payment of 2020 Form 1040 taxes, 2020 IRA contributions and 2021 M2M tax elections are all due May 17, 2021.
Notice 2021-21

Update March 17, 2021
Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline

Form 1040 and final payment of 2020 Form 1040 taxes are both due May 17, 2021.

Update March 17, 2021
“It’s clear that the most vulnerable small businesses will need help beyond March 31, so we must pass this extension as quickly as possible,” said Sen. Cardin in a Thursday statement. “This common sense, bipartisan bill will meet the continued demand for PPP loans by giving small businesses two more months to apply and giving SBA an additional month to process the loan applications by June 30.”

Update March 25, 2021
The Senate voted 92-7 to extend the Paycheck Protection Program until the end of May.  It is now on the way to President Biden’s desk for signature. The President signed the bill on March 30, 2021.

A fast and semi-automatic online PPP loan application lender Fundera is available if your own banker is not available to accommodate you.

This is what the second or third Recovery Rebate might look like on your checking account.

On January 7, 2021 the SBA issued guidance on Business Paycheck Protection Program Second Draw Loans
https://www.sba.gov/sites/default/files/2021-01/PPP%20–%20IFR%20–%20Second%20Draw%20Loans%20(1.6.2021).pdf

SBA application Top-line Overview of Business Paycheck Protection Program Second Draw Loans
https://www.sba.gov/sites/default/files/2021-01/Top-line%20Overview%20of%20Second%20Draw%20PPP%20%281.8.2021%29-508.pdf

SBA application form to be submitted to your own lender (bank)
https://www.sba.gov/sites/default/files/2021-01/PPP%20Second%20Draw%20Borrower%20Application%20Form%20%281.8.2021%29.pdf

Shuttered Venue Operators Grant
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/shuttered–venue–operators–grant

Filing date for Form 1040 may be delayed until July 15, 2021. “We are writing to request that the Internal Revenue Service (IRS) extend the tax return filing season beyond April 15, 2021. It has come to our attention that, due to the ongoing pandemic, many Americans continue to face the same challenges that necessitated extending the filing season last year.”
House Ways and Means. Letter