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

Tax Scams

Avoid Tax Season Scams!

Avoid Tax Season Scams Updated 03 29 21.  It’s that time of year again, when thousands of people are conned out of money by “tax season” scammers. Most of us like to think we are too savvy to be scammed, but these scam artists sound very convincing, and if you don’t know what to look…

Is Your Takeout Habit Dragging you Down?

Is Your Takeout Habit Dragging you Down?

Is your takeout habit what’s for lunch today or did you bring your lunch to work?  Maybe you plan to figure it out as noontime gets closer? The business world is busy and professionals are always on the go, which means sometimes they don’t even have time for lunch, let alone to bring a self-made…

What is GROCO

What is GROCO?

We are often asked; “What is GROCO and what does GROCO do for its clients?”.  This article will attempt to briefly answer those two questions. GROCO’s Start GROCO, also known as GROCO.com or Greenstein, Rogoff, Olsen & Co., LLP, is a family office tax and advisory firm founded in 1964 by Morey Greenstein, CPA.  Since…

Planning with cryptocurrency

Planning With Cryptocurrency – Part III Minimizing the Tax Effect of Cryptocurrency Transactions

Planning with cryptocurrency continued…  In my previous article, I covered how cryptocurrency is taxed and hard and soft forks.  This article addresses different strategies for minimizing the tax effects of selling cryptocurrency. I will cover the following topics in subsequent articles: What happens if I contribute cryptocurrency to a partnership or corporation? What should I…