New Stimulus Law Grants Eight Tax Breaks for 1040 Filers
As you doubtlessly know, Congress recently passed a massive new stimulus bill that was enacted into law on December 27, 2020.
Tax Considerations When a Loved One Passes Away (Part 2)
If you become an executor of your loved one’s estate, you may have some important tax decisions to make.
ABLE Accounts: A Great Deal for the Disabled and Their Families
Sixty-one million adults and over 12.6 million children in the United States have some type of disability.
New Laws-COVID 19-Related Government Grants: Taxable or Not?
Billions of dollars in grants are being doled out to individuals and businesses in the wake of the COVID-19 pandemic.
Home-Office Deduction-Show Me the Proof!
Question. If you have an office outside your personal home—say, downtown—can you have a tax-deductible office inside your home for the same trade or business?
Round 2: Additional Tax-Free PPP Money for You?
If you received an initial PPP loan, you can qualify for a second round (called a “second draw”) of PPP tax-free money.
New PPP Forgiveness Rules for Past, Current, and New PPP Money
The new Paycheck Protection Program (PPP) law enacted with the stimulus package adds dollars to your pockets if you have or had PPP money.
PPP Alert: New Shot for Your Tax-Free Cash
Did you miss out on the first two opportunities to receive your tax-free Paycheck Protection Program (PPP) cash?
Link: Steps to Take Now to Get a Jump on Your Taxes
Tax planning is for everyone. Get ready today to file your federal income tax return.
Most taxpayers can deduct up to $300 in charitable contributions
Most taxpayers can deduct up to $300 in charitable contributions without itemizing deductions
New IRS Efforts to Destroy Tax Deductions for PPP Paid Expenses
From what we know, when lawmakers originally passed the Paycheck Protection Program (PPP), they thought that under its provisions,
COVID-19: The IRS Goes Easy on Taxpayers Who Owe Back Taxes
Are you one of the over 11 million Americans who owe the IRS back taxes?
Good News If Your PPP Loan Is for $50,000 or Less
As you likely know by now, the Paycheck Protection Program (PPP) loan and its forgiveness process have been an ever-changing (and often confusing) ride so far.
Tax Considerations When a Loved One Passes Away (Part 1)
If a loved one passes away and you serve as the executor or inherit assets, you need to consider your duties and so some tax planning.
Use the IRS Safe-Harbor Tax Relief for Ponzi Scheme Losses
The Ponzi scheme is an investment fraud where the schemer uses invested money to create fake investment returns.
2020 Last-Minute Year-End General Business Income Tax Deductions
The purpose of this letter is to get the IRS to owe you money.
Tips to help people stay safe online
These days most people are spending more time at home and a lot more time online. Whether people are online for work, school, a virtual gathering or shopping, online security is more important than ever.
Be Sure to Pay the PCORI Fee if You Have an HRA
Have you established a 105-HRA, Qualified Small Employer Health Reimbursement Arrangement (QSEHRA), or Individual Coverage Health Reimbursement Arrangement (ICHRA) to reimburse your employees for medical expenses?
2020 Last-Minute Year-End Retirement Deductions
The clock continues to tick. Your retirement is one year closer.