Impact Payments For Deceased People & PPP’s 8 Week Spending Problem
Forbes: The IRS Wants Its Money Back – Stimulus Checks Made To Dead Taxpayers Must Be Returned
https://www.forbes.com/sites/ryanguina/2020/05/06/stimulus-checks-made-to-dead-taxpayers-must-be-returned/#49ae3c3b2d97
How to spend PPP loan proceeds:
Tips for Spending PPP Loan Proceeds and Maximizing Loan Forgiveness
U.S. House Postpones new $1T coronavirus relief vote until Friday:
https://www.upi.com/Top_News/US/2020/05/11/US-House-postpones-new-1T-coronavirus-relief-vote-until-Friday/6701589221677/
Deductibility of PPP Loan related expenses:
https://newsletters.usdbriefs.com/2020/Tax/TNV/200508_1.html?elqTrackId=3b6ae4d217c74cf192a8001f946740d5&elq=c4044dbfe68d4bf0abd78e7aed4de94e&elqaid=70570&elqat=1&elqCampaignId=13484
https://www.finance.senate.gov/imo/media/doc/2020-05-05%20CEG,%20RW,%20RN%20to%20Treasury%20(PPP%20Business%20Deductions).pdf
State of California Budget – This all has to updated for the COVID-19 Catastrophe:
http://www.ebudget.ca.gov/2020-21/pdf/BudgetSummary/FullBudgetSummary.pdf
Tips for Filing Your Tax Return
Tax season is here and the deadline for filing your tax returns is nearing. If you are not sure where to start, these five tips may help as you prepare to send your tax returns to the IRS and state authorities. 1.Get Organized You should review all financial activities throughout the year and collect any…
10 Common Tax Filing Mistakes
As this year’s tax deadline approaches, we though it would be a good idea to share 10 common filing mistakes. The American Institute of Certified Public Accountants (AICPA) reminds taxpayers of 10 of the most common mistakes made each year by individual taxpayers on their federal tax returns. These avoidable errors can affect your tax…
7 Choices in Real Estate Foreclosure
Below are 7 choices in real estate foreclosure you will hopefully never actually need. Everyone’s situation is different. This list is merely a compilation of suggestions. Only a guide to help you get started. It should not be a substitute to talking with your CPA/attorney about your individual situation. Other resources may include the internet…
Top Ten Real Estate Tax Breaks
Here’s a look at the Top 10 Real Estate Tax Breaks for the homeowner/investor. Real Estate Tips 1-3 1. Mortgage Loan Interest: Deductions reduce your taxable income against which your taxes due are calculated.2. Home Improvement Loan Interest: You can deduct all the interest on a home improvement loan provided the work is a “capital improvement”…