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
PPP Loans
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
2018 and 2019 were big years for tax changes. The Tax Cuts and Jobs Act had major implications for individuals and businesses. In 2020, overall, we will see much less change but it’s important to ensure you’re taking advantage of … Read More
If you own rental property and receive rental income, there are certain expenses that you may qualify to deduct on your tax returns. Navigating the new tax laws and changes is particularly important for real estate investors. Emerald Financial Partners… Read More
Word on the tax professional "street" is that tax filing numbers are down across the board so far. It seems that many taxpayers are a little skittish about all of the changes this year. And some folks are seeing lower
On Friday, January 20, 2019 the IRS issued final regulations as well as some additional guidance in regard to the QBI deduction for 2018. Much of the final regulations simply make the temporary regulations from August 8, 2018 permanent. However,
Emerald Financial Partners is offering 10 Free Quick-Call Consultations from 1/21/19 - 1/29/19 for Government Contractors & Businesses affected by the shutdown.
As of this writing, the federal government is