Blog

03 Aug 20

LOAN APPLICATION PERIOD FOR THE PAYCHECK PROTECTION PROGRAM EXTENDED

Article Highlights: Loan Application Period Extended Paycheck Protection Program Qualifying Expenses Loan Forgiveness If you missed the opportunity to apply for a Paycheck Protection Program (PPP) loan before the program expired at the end of June, Congress extended the application period for a PPP loan through August 8, 2020. Although…

18 Jul 20

WEALTHY TAXPAYERS MAY WANT TO STRATEGIZE FOR POTENTIAL TAX INCREASES

Article Highlights: Skyrocketing Government Spending Federal and State Deficits Tax Increases in Our Future Tax Strategies The outcome of the November elections could have a significant impact on taxes for the wealthy. The COVID-19 pandemic has wreaked havoc on the economy, as the government’s tax revenues have declined while government…

17 Jul 20

GOVERNMENT KEEPING YOUR REFUND?

Article Highlights: Bureau of the Fiscal Service Allowable Refund Offsets Disputing an Offset Injured Spouse Claim We all look forward to receiving our tax refunds, but what if you were expecting a refund and it never arrived? It may be because you have outstanding federal or state debts—and not just…

16 Jul 20

IF YOU ARE RECEIVING MEDICAID WAIVER PAYMENTS, YOU SHOULD READ THIS

Article Highlights: What are Medicaid Waiver Payments? IRS Ruled Them to be Non-Taxable Taxpayer-Favorable Tax Court Case Tax Credits Amended Returns Medicaid waiver payments are a type of payment from a state to an individual to take care of another individual who would otherwise be institutionalized, saving the government the…

15 Jul 20

IRS Provides Additional 2020 RMD Rollover Relief

Article Highlights: CARES Act Waiver of RMDs 60-Day Rollover Period Extension Further Rollover Relief RMDs in General Effect of Withholding on RMD Rollover One IRA Rollover per 12 Months Rule The CARES Act waived required minimum distributions (RMDs) from IRAs and employer plans such as 401(k)s for 2020. However, the…

14 Jul 20

COVID-19 RESOURCE GUIDE: TAXPAYERS & SMALL BUSINESSES

During the coronavirus pandemic, it’s our goal to continue supporting the health, safety, and prosperity of our clients in any way we can. In this post, we’ve compiled some key resources for taxpayers and small business owners trying to stay up to date on the latest accurate information from trusted…

14 Jul 20

YOU MAY NEED A PROTECTIVE CLAIM BEFORE JULY 15

Article Highlights: Pending Supreme Court Case Past ACA Taxes May be Invalidated Who May be Impacted by the Court Ruling 2016 Tax Statute of Limitations Protective Claim for 2016 Refund Taxpayers who in the last few years have paid the extra 0.9% Medicare tax on wages or self-employment income, or…

14 Jul 20

Don’t Throw Away That Notice 1444

Article Highlights: Notice 1444 You May Qualify for Additional Credit on the 2020 Return Tax Records The IRS is mailing all recipients of Economic Impact Payments a Notice 1444 that provides information about the amount of their payment, how the payment was made and how to report any payment that…

09 Jul 20

The July 15th Deadline Is Fast Approaching, and it Isn’t Just for the 2019 Individual Tax Return

Article Highlights: Extensions Contributions to IRAs Estimated Tax Payments for the First Two Quarters of 2020 Individual Refund Claims for the 2016 Tax Year Foreign Account Reporting Requirements Due to the COVID-19 emergency, the IRS provided taxpayers with an automatic three-month extension to July 15 to file their 2019 tax…

08 Jul 20

UNIQUE IRA OPPORTUNITIES FOR 2020

Article Highlights: 2020 Tax Saving Opportunities Traditional IRA to Roth IRA Conversions Paying the Conversions Tax Required Minimum Distribution (RMD) 2020 RMD Waiver Coordinating Distributions with 2020 Income As bad as it has been financially for many individuals, 2020 does provide some unique tax opportunities for those who have traditional…

LOAN APPLICATION PERIOD FOR THE PAYCHECK PROTECTION PROGRAM EXTENDED

WEALTHY TAXPAYERS MAY WANT TO STRATEGIZE FOR POTENTIAL TAX INCREASES

GOVERNMENT KEEPING YOUR REFUND?

IF YOU ARE RECEIVING MEDICAID WAIVER PAYMENTS, YOU SHOULD READ THIS

IRS Provides Additional 2020 RMD Rollover Relief

COVID-19 RESOURCE GUIDE: TAXPAYERS & SMALL BUSINESSES

YOU MAY NEED A PROTECTIVE CLAIM BEFORE JULY 15

Don’t Throw Away That Notice 1444

The July 15th Deadline Is Fast Approaching, and it Isn’t Just for the 2019 Individual Tax Return

UNIQUE IRA OPPORTUNITIES FOR 2020

USEFUL LINKS

ADDITIONAL INFORMATION

INTAKE FORMS