Articles
Possible PPP Legislation | 1099-B & W-4P
Update on Possible PPP Legislation Hello and welcome. This is Ron Cohen. And this is a tax updates podcast. I’m with the firm of Greenstein Rogoff, Olsen and company. My phone number is 510-797-8661. Call anytime we’re happy to talk and chat with anybody a little bit to see if we can help. This episode…
Read MoreProposed California Tenant Relief and Coronavirus Update
Re. the proposed California tenant relief and Coronavirus update. Dear Clients and Friends: I keep saying: “I’ve never seen anything like this before!”…and then there is more! June 17, 2:35 p.m. A proposed California Senate bill could give out-of-work tenants in the state 10 years to pay back unpaid rent due to loss of income related to the…
Read MorePresident Trump Signs Bill to Help Small Businesses with Paycheck Protection Program Flexibility
Press Release Friday June 5, 2020. This morning president Trump signed into law H.R.7010 to help small businesses. The purpose of the Paycheck Protection Program Flexibility Act is to amend the Small Business Act and the CARES Act to modify certain provisions related to the forgiveness of loans under the paycheck protection program, to allow…
Read MoreHeroes Act, COVID-19 Tax & PPP Updates
Heroes Act, COVID-19 Tax & PPP Updates, originally posted By Ron Cohen, CPA on 5/16/20 Dear Clients and Friends: Further to my email yesterday, after a procedural vote in the morning, at 9:26pm EST, the House finalized passage of the Heroes Act. Deloitte, with a staff of writers, covers the House passage of this monumental…
Read MoreWe Need a Little George Washington in All of Us
Dear Clients and friends,Feel free to send us a feedback (opens in a new window) We need a little George Washington in all of us. After much negotiation in Congress and with the Administration, “President Trump on Friday signed legislation providing $484 billion to replenish a popular small business lending program and support hospitals and COVID-19…
Read MoreWe are Born to Collaborate (Even if Sheltered in Place)
We are Born to Collaborate (Even if Sheltered in Place) Every truly great business achievement is proof that humans are born to collaborate. As nations, tribes and families, from birth we live with and are cared for by someone. Later, we work the family farm, business or towards an education, whatever is in our best…
Read MoreIRS Shutters Some Operations, Self-Employed Get Unemployment and Track your Stimulus Check
IRS Shutters Some Operations, Self-Employed Get Unemployment and Track your Stimulus Check “The IRS is unable to process paper tax returns, respond to paper correspondence or staff toll-free live service lines. Please use all electronic options available to you on IRS.gov or through your tax software provider.” IRS shutters some operations, self-employed get unemployment and…
Read MoreLatest IRS Tax Extension Clarifications as of Thursday, April 9, 2020 8:03 PM
1) Estimated Tax Payments for 2nd Quarter: https://www.irs.gov/newsroom/irs-extends-more-tax-deadlines-to-cover-individuals-trusts-estates-corporations-and-others “Besides the April 15 estimated tax payment previously extended, today’s notice also extends relief to estimated tax payments due June 15, 2020. This means that any individual or corporation that has a quarterly estimated tax payment due on or after April 1, 2020, and before July 15,…
Read MoreHow IRS Can Help Business Owners Hurt by COVID Disaster
How IRS Can Help Business Owners Hurt by COVID Disaster Quick Summary: Disaster Area Declaration – Internal Revenue Code Sec. 165(i) Disaster losses in the current year can be taken on a prior year’s return (i.e., 2020 losses stemming from COVID-2019 can be taken on the 2019 return) The loss/deduction would need to be substantiated by…
Read MoreWhy You Should File Your 2019 Tax Returns ASAP!
Why You Should File Your 2019 Tax Returns ASAP? Many individuals, couples, and businesses are putting off filing their 2019 tax returns because; they can. Others, because they qualify for stimulus checks in 2018 but not 2019; it’s not 100% clear yet that this is a good idea. Either way, April 15th and many other…
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