Possible PPP Legislation & 1099-B
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
Is The IRS Above the Law?
Is The IRS Above the Law? By Alan Olsen, CPA, MBA (tax) Managing Partner Greenstein Rogoff Olsen & Co. LLP Have you ever wondered how the IRS truly operates? Have you ever contacted someone from the IRS with a tax problem or question and discovered that the person on the other end of the line…
IRS Updates Procedures for Reopening Closed Cases
IRS Updates Procedures for Reopening Closed Cases IRS issued Rev. Proc. 2005-32 On May 20, 2005, the IRS issued Rev. Proc. 2005-32, which updates procedures for reopening closed examinations under §7605(b) and describes when a case is deemed closed after examination. It also provides a nonexclusive list of contacts and actions by the IRS that…
Year-End Tax Tips For Investments
Year-End Tax Tips For Investments By Glenn Dahlke Yes, its that time of year again, time for every financial column to drum into your head all the year-end investing tax tips. It’s the equivalent of your list to Santa. You either take care of it by year-end or you take your chances. Consider yourself warned.…
The Pyramid: Ordering Your Investment Objectives
The Pyramid: Ordering Your Investment Objectives Investment planning is not like trying to win the lottery — it’s not a matter of luck. Crafting an investment strategy requires an assessment of resources, development of objectives, analysis of choices and opportunities, and, finally, matching of those alternatives to long-term goals. 1. Safety and security of…