April 15th. The most notorious tax deadline, right?
There’s more to the story.
And while yes, you should extend if you’re not going to file. If you’re working with a tax preparer…
You may want to hold off … Read More
It’s so sad.
70% of small businesses in the US haven’t even incorporated. And let’s be honest.
It’s not like the other 30% have been properly incorporated.
And for years and years (and still today), you hear people talk about … Read More
The average credit card balance for an American household as of this month was $5,897, which is (remarkably) DOWN from years past. Also interesting: personal bankruptcies are NOT yet rising, compared to years past.
But unemployment is still VERY high,
… Read More
Come in close.
You can’t tell anyone.
This is just going to be between us.
The first secret most people don’t realize.
Secret #1: You don’t have to be a multimillionaire to benefit from tax planning.
In fact, I’ve seen … Read More
There’s both good news (for some) and bad news (for many) as we round the corner into December.
And I’m not talking about our culture, or politics, or sports, or anything like that.
I’m talking about TAXES.
I’ll start with … Read More
The IRS has apparently caught up on processing their backlogged mail that stacked up during COVID closures. Or, well enough, they say.
That means that they are now resuming the mailings of tax-due notices to taxpayers with outstanding tax bills. … Read More
You might have seen some rumors on this already, but I wanted to help make everything clear for you…
A few weeks back I told you that there were some tax professional rumors circulating about “automatic forgiveness” for PPP loans… Read More
Floating under the radar during so much NOISE the past couple weeks … the CDC announced a halt to evictions for residential renters, and that starts THIS WEEK.
First of all, the authority the CDC cites to establish this rule … Read More
The IRS has clarified that if your loan money is forgiven, it won’t be considered taxable income. BUT, nor will it be eligible for tax deductions, even though you likely used it for expenses that normally would be … Read More