July 7, 2020

The IRS Is Issuing Some Stimulus Payments by Debit Card

Some Are Being Mistaken as Junk Mail and Thrown Out Article Highlights: Junk Mail Stimulus Payment Debit Card If you are like most Americans, you receive […]
June 26, 2020

Tax Effects of a Business Making a Charitable Contribution

Article Highlights: Charitable Contributions Business-Related Charitable Contributions Charitable Pass-Through Deductions 20% Business Pass-Through Deduction   Charitable contributions are generally allowed as part of an individual’s itemized […]
June 23, 2020

Congress Liberalizes PPP Loan Forgiveness

Article Highlights: Loan Forgiveness Confusion Covered Period Extended Loan Maturity Extended Limit on Expenses other than Payroll Reduced Exemptions for Those Unable to Rehire or Replace […]
June 5, 2020

Delaying Payment of Old Tax Bills Is A Big Mistake

You know that long list of ways that the coronavirus has affected our lives? Well, here’s another one. The Internal Revenue Service has completely flipped a […]
May 29, 2020

What’s Best for You – Traditional or Roth IRA?

Article Highlights Traditional IRA Roth IRA Selecting the IRA Type for You Penalties Conversions Spousal IRAs Retirement Distributions The tax code offers two types of IRAs; […]
May 26, 2020

Your PPP Loan Forgiveness Will Probably be Less Than Anticipated

Article Highlights: Paycheck Protection Program Loan Terms Loan Amount Loan Forgiveness Reduction in Pay Decrease in Employees Qualified Expenses Limitation Documenting Forgiveness Now that you have […]
May 20, 2020

When Will I Get My Stimulus Check?

Article Highlights: Direct Deposit Stimulus Payments Reasons You May Not Be Receiving a Stimulus Payment Stimulus Payment Phase-Out Payment Schedule by Check Non-Filers The IRS has […]
April 24, 2020

New Twist for Kiddie Tax with a Refund Opportunity

Article Highlights: Appropriations Act of 2020 Children’s Tax-Filing Requirements Two Methods for 2018 and 2019 Amendment Possibility for a Dependent Child Standard Deduction Wages Self-employment Income […]
April 17, 2020

The Best Approach to Paying off Your Debt Quickly? It’s Unique to You

If you asked 10 different people how they were able to get out from under their debts as quickly as possible, you’d probably get 10 different […]
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