Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave…
WASHINGTON — Today the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small and midsize employers can begin taking advantage of two […]
SBA Disaster Loan Assistance
Federal disaster loans for businesses, private nonprofits, homeowners, and renters is available from the U.S. Small Business Administration. Link provided below to access info on eligible disaster areas, the online […]
Tax Impact of Bitcoin Transactions and Gambling
Bitcoin became mainstream in 2014. It was the first year that major retailers started accepting the online currency and it was the first time many taxpayers learned exactly what it […]
Are Online Lotteries Gaining Steam?
In recent years, states have taken their lotteries online to boost ticket sales and increase profits. Georgia launched their online lottery program back in 2012, but last week, they rolled […]
IRS Employment Woes Deepen
It is no secret that the IRS will be completely understaffed for the upcoming tax season. I have talked about it before and am reminded whenever I call the tax […]
Repairs Regulation Update
Great news for small-business owners, and accountants as well. The previously discussed repairs regulation, which would have cost small businesses time and money this tax season, has been simplified. Today, […]
You Can’t Do That!
It’s always fun when “You Can’t Do That” rolls around because it means that it is Friday and that I get to take a look at what people think they […]
Premium Tax Credit Overpayment Relief
Earlier, I gave a brief overview of the Premium Tax Credit and how it could affect your 2014 return. In the overview, I mentioned that there are two ways to […]
Hockey in the Desert? Count Me In!
I have been a lifelong hockey fan. My son played hockey growing up, so I was always coaching or watching from the stands. We were both die-hard New Jersey Devils […]
TurboTax Provides Reminder: Always Be Alert for Fraud
This has been going around in the news the last few days, but I wanted to write a quick follow-up in case this affects you or someone you know. Last […]
What’s in a Name?
I recently had a client ask me a few questions regarding her recent marriage. She had gotten married during the second half of the year and her new, married name […]
Unemployed During 2020? You May Owe Taxes
Being unemployed puts every taxpayer in a stressful position. Between trying to make ends meet and searching for a new job, the last thing many people are thinking about is […]
