Possible PPP Legislation & 1099-B

The Inflation Reduction Act Passed the House and Senate! Ron Cohen Episode 25

Possible PPP Legislation:
https://www.bloomberg.com/news/articles/2020-05-26/hoyer-says-house-and-senate-close-on-ppp-loan-extension

Form W-4P
https://www.irs.gov/pub/irs-pdf/fw4p.pdf

IRS Notice 2020-3
https://www.irs.gov/pub/irs-drop/n-20-03.pdf

Could This Be the End to an American Icon in the U.S.?

Could This Be the End to an American Icon in the U.S.?

Could This Be the End to an American Icon in the U.S.? Samuel Adams was one of our great Country’s founding fathers and an American statesman. However, despite his political accolades and contributions to the United States, his name might be better known as a brand of beer. That right; if you asked who Sam…

audit

Don’t Tempt the Taxman to Choose You for an Audit

Don’t Tempt the Taxman to Choose You for an Audit There are a lot of benefits to being ultra wealthy. High net worth individuals get to experience so many things in life that most people can only dream of. The wealthy also enjoy an extravagant lifestyle that other people only get to watch in movies…

IRS; Audit;

How Long Does the IRS Have to Audit You?

How Long Does the IRS Have to Audit You? Some people love surprises, like when you get that perfect gift for Christmas or your birthday that you weren’t expecting in a million years. Some surprises can be a great, like getting more back in your tax return than you were expecting, or receiving a raise…

u.s. companies

How Much Profits Are U.S. Companies Really Holding Overseas?

How Much Profits Are U.S. Companies Really Holding Overseas? How much money does the U.S. government collect in corporate taxes every year on average? While there is no exact answer the following numbers provide a relatively close approximation. In 2014, the Government collected $3.02 trillion in taxes, with about 11 percent of that coming from…