Corona Virus Relief (CARES ACT)
Today we’re talking all about the Corona Virus Relief (The Cares Act)
Tax and loan issues summary article from Forbes:
https://www.forbes.com/sites/anthonynitti/2020/03/25/congress-reaches-agreement-on-a-coronavirus-relief-package-tax-aspects-of-the-cares-act/#3d3a762f5f99
Other issues article from Forbes:
https://www.forbes.com/sites/kellyphillipserb/2020/03/25/senate-passes-coronavirus-stimulus-bill-house-expected-to-follow-suit/#29cd2bb94475
Here is an article on how Enhanced Unemployment Benefits will work: https://www.americanactionforum.org/insight/enhanced-unemployment-benefits-in-the-coronavirus-aid-relief-and-economic-security-cares-act/
More detailed information on the Paycheck Protection Program:
https://bench.co/blog/operations/paycheck-protection-program/
Text of Bill (Scroll down in the link)
https://www.congress.gov/bill/116th-congress/house-bill/748/text
SBA rules for PPP loans (4/4/2020)
https://www.sba.gov/sites/default/files/2020-04/PPP–IFRN%20FINAL_0.pdf
IRS Guidance for SEC Disclosure of Listed Transaction Penalties
IRS Guidance for SEC Disclosure of Listed Transaction Penalties On August 15, 2005, the IRS issued guidance to taxpayers who are required to disclose listed transaction penalties to the SEC. Rev. Proc. 2005-51 sets forth the form, content, and timing of SEC disclosures for certain reportable transaction penalties that taxpayers are required to make pursuant…
How to be a “Tax-Conscious” Investor
How to be a “Tax-Conscious” Investor “Uncle Sam wants you!” goes the slogan on that old poster. He also wants you to pay taxes. On the income from your employment. On what you earn from many of your investments. On a portion of the gain from the sale of those investments. But there is a…
President Going After the Wealthy Again With Proposed Tax Hikes
President Going After the Wealthy Again With Proposed Tax Hikes By Alan Olsen, CPA, MBA (tax) Managing Partner Greenstein Rogoff Olsen & Co. LLP The divide between Republicans and Democrats on Capitol Hill appears to be spreading even wider after President Obama used his State of the Union Address to take dead aim at high…
Top 10 Critical Mistakes Homebuyers Make and How to Avoid Them
[vc_row][vc_column][vc_column_text]1. Using an out-of-town lender. Getting a mortgage in a timely and hassle-free manner is the “key that opens the door” to your new home. Lenders who don’t live in the area you are buying in will not have the contacts needed to process your loan in an efficient and timely manner. Are you aware that…