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

secret offshore account

If You Have A Secret Offshore Account, Beware

If You Have A Secret Offshore Account, Beware The IRS has been hunting for cheats for as long as people have been paying taxes. Whether it’s people adding extra dependents to save a few dollars on their returns, or the ultra-wealthy hiding money in secret offshore accounts, the IRS always wants to collect what it…

Is Your Business’ Accounting Firm Up to The Task?

Is Your Business’ Accounting Firm Up to The Task?

Is Your Business’ Accounting Firm Up to The Task? Businesses and individuals use accounting firms for several reasons, including tax planning and preparation, accounting, business valuations, consulting and wealth planning & management. However, not all accounting firms offer all of these services, which means potential customers might have to use multiple firms in order to…

Lawmakers Hand Out Some Last Minute Tax Breaks

Lawmakers Hand Out Some Last Minute Tax Breaks

Lawmakers Hand Out Some Last Minute Tax Breaks Merry Christmas taxpayers. Lawmakers in Washington have finally made a move to pass several tax extenders that have been hanging in limbo since the big crystal ball last dropped at 12:00:01 on January 1, 2014. So now that these tax breaks have been extended, what does that…

Luxury Monaco

Luxury Monaco Penthouse Could Be a Big Draw for the Wealthy

Luxury Monaco Penthouse Could Be a Big Draw for the Wealthy Tax inversions are a big deal in corporate America right now, as well as in the nation’s capitol, where lawmakers are taking aim at them. However, large corporations are not the only ones looking for ways to save money on their taxes. Wealthy individuals…