IRS has again failed Main Street with handling of pandemic-era program ...Middle East

Gil Bonifaz has been through a lot. As a 4th generation restauranteur, his family restaurant has been employing dozens of Texans at Herrera’s Tex-Mex and serving delicious fajitas since 1971 in the heart of Texas’s 24th District. After pandemic-era restrictions reduced his restaurant’s revenue, he could not keep up with rising rents, accountant fees and medical bills brought on by his wife’s fight with cancer. In 2020, Gil was projected to generate $1 million in revenue, but, through no fault of his own, brought in only $400,000. As he stretched to keep his 15 employees on the payroll, the $100,000 loan he received through the Paycheck Protection Program was not enough to cover th

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Last updated : 03 February 2024 clock 12:04 AM

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IRS has again failed Main Street with handling of pandemic-era program ...Middle East

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