Submitted by Joel Shabsin, CPA On Friday, May 22nd, the SBA issued a 26 page final interim rules regarding PPP loan forgiveness. But things are changing rapidly in this area Continue reading “More on PPP Loan Forgiveness”…
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Protecting Your Email
Submitted by Richard Allen, EA, AFSP I personally spend almost an hour each day reviewing incoming email. Generally, email tends to be received from the following sources: • Emails from Continue reading “Protecting Your Email”…
Required Minimum Distributions During 2020
Submitted by Richard Allen, EA, AFSP Two major laws were enacted in the last few months which significantly affect Required Minimum Distributions (RMDs) and retirement planning overall. There were the Continue reading “Required Minimum Distributions During 2020”…
Cafeteria Plans & High Deductible Health Plans
Submitted by Joel Shabsin, CPA Recently the IRS issued 2 notices making temporary changes to Section 125 Cafeteria Plans (Notice 2020-29) and to high deductible health plans. The 2020-29 notice Continue reading “Cafeteria Plans & High Deductible Health Plans”…
IRS People First Initiative
Submitted By George R. Crouse, Jr., EA, ATA, ATP, MST, MSA Due to COVID-19, the IRS’ People First Initiative provides relief to taxpayers on a variety of issues from easing Continue reading “IRS People First Initiative”…
New Charitable Deduction for 2020
Submitted by Richard Allen, EA, AFSP Friday, March 27, the Congress passed, and the President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. NEW CHARITABLE DEDUCTION Continue reading “New Charitable Deduction for 2020”…
PPP Loan Forgiveness
by Joel Shabsin, CPA On Saturday, May 16th, the SBA issued the Paycheck Protection Program Loan Forgiveness Application and clarified many of the questions we were getting from our clients. Continue reading “PPP Loan Forgiveness”…
Loan Forgiveness Under the PPP Program
by Joel Shabsin, CPA On May 1, 2020 the IRS issued Notice 2020-32 to clarify the treatment of the PPP program’s loan forgiveness. The notice discusses the allowed uses of Continue reading “Loan Forgiveness Under the PPP Program”…
CARES Act Changes to Charitable Donations
by Joel Shabsin, CPA One of the provisions in the CARES Act revolves around changes to the Tax Cuts and Jobs Act surrounding charitable donations. Because of the TCJA, fewer Continue reading “CARES Act Changes to Charitable Donations”…
New Scams Related to Corona Virus
by Richard Allen, EA, AFSP I have recently heard about new scams related to the Corona Virus emergency. There are numerous callers or email senders masquerading as IRS employees or Continue reading “New Scams Related to Corona Virus”…