PPP- “Double Dip” Allowed
Late in the evening of December 20th, Congress passed the Consolidated Appropriations Act. It is anticipated that President Trump will sign this act into law shortly. The Act provides [...]
Late in the evening of December 20th, Congress passed the Consolidated Appropriations Act. It is anticipated that President Trump will sign this act into law shortly. The Act provides [...]
With the holidays approaching, I thought I would do a number of blogs on year-end planning as well as the potential tax changes under the new Biden administration. Today, [...]
I can’t believe we are coming up to the Memorial Day weekend. This is always a good time to pause and reflect on the sacrifices of our brave heroes [...]
We get asked this question frequently and it is an important issue….record keeping. The IRS gives very good guidance on when and why one should keep good accounting of [...]
Unfortunately, tax season always brings out the scammers. IRS just issued the following advice and reminders. If you should ever receive any contact from IRS, either real or a [...]
Dear Mike; I just got back from a trip to Vegas and was lucky and had some good winnings. Are these gains taxable? Cool Hand Luke Dear Cool Hand [...]
The IRS has just released news of waiving the penalty for many taxpayers whose tax withholding and estimated tax payments fell short in 2018. The following was posted by [...]
In our ongoing series on year-end tax tips, we thought we would address Crypto-currency trading. Although the crypto craze seems to be slowing, we find many of our clients have [...]
It’s that time of year again — time to start planning to cut your taxes. Our next few articles will feature ideas we have to try and reduce your [...]
With the hurricane headed for the east coast we thought it would be a good idea for our clients in the path of the storm to see the IRS’ [...]
The Tax Cuts and Jobs Act modifies several provisions related to retirement plans and IRAs. These include: the repeal of the special rule permitting recharacterization of Roth IRA conversions, [...]
As summer is winding down we are getting a lot of client questions about real estate transactions and how mortgage refinancing impacts their tax situation. We thought we would [...]