2020 Deficits and Potential Payroll Tax Holiday
California Health Insurance Penalty:
https://www.coveredca.com/individuals-and-families/getting-covered/penalty-and-exemptions/
Guidance addresses deductibility of expenses related to Paycheck Protection Program loans:
https://newsletters.usdbriefs.com/2020/Tax/TNV/200501_1.pdf
$3.7 Trillion Deficit:
https://newsletters.usdbriefs.com/2020/Tax/TNV/200501_3.pdf
Fewer People filed by April 15th:
https://www.cpapracticeadvisor.com/tax-compliance/news/21135618/21-million-taxpayers-delayed-filing-past-april-15
Payroll Tax Holiday
https://www.washingtonexaminer.com/news/white-house-strongly-considering-demand-to-include-payroll-tax-cuts-in-next-relief-package
Planning with Cryptocurrency -Part II Tax Implications of Splits, Forks & Airdrops and Much More
In my previous article, “Planning with Cryptocurrency – Part I How is Cryptocurrency Taxed”, I covered how cryptocurrency is taxed. This article addresses why forks in cryptocurrency occur, the different types of forks, how they are delivered and their taxability. In the future, I will be covering the following topics: If I sell cryptocurrency, how…
The IRS Is Messing with Taxation of Unemployment Benefits
Show Notes:
1) The IRS is messing with taxation …
Overcoming Obstacles and Maintaining Personal Growth During the Pandemic
Overcoming obstacles and maintaining personal growth during the pandemic is difficult. The COVID-19 pandemic has altered almost every aspect of our lives. Now a year into the pandemic, we have witnessed the devastating effects that sickness, death and job loss have had on society. Though society slowed down, life during the pandemic did not come…
Planning with Cryptocurrency -Part 1 How is Cryptocurrency Taxed?
Tax planning with Cryptocurrency can be tricky. Due to the adoption of cryptocurrency by many financial institutions, the acceptance as a payment method for Companies and the meteoric rise (and drop) in price, many of our clients are asking us some fundamental questions about this class of assets. Fundamental tax questions about this class…