Tax forms with a post-it with tax scams written on it.

IRS Announces Common Tax Scams

Thursday, 10 September 2020 by

The IRS recently announced its 2020 edition of its annual Dirty Dozen list of tax scams with a special emphasis on aggressive and evolving schemes related to COVID-19 tax relief, including Economic Impact Payments. Here are six of the more common scams. Phishing.  Phishing refers to potential fake emails or websites looking to steal your

New tax rules for 2020.

NEW Tax Rules for 2020!

Thursday, 03 September 2020 by

Here are several new tax laws passed this year to consider as you start planning your 2020 tax obligation. Make up to $300 of charitable contributions.  For the 2020 tax year only, an above-the-line deduction of $300 is available to all Americans who want to make a charitable contribution. You can donate to more than

Businesses preparing for PPP Loan Forgiveness.

Build a Fortress Defense for PPP Loan Forgiveness

Monday, 10 August 2020 by

More than 70% of small businesses in America now have loan proceeds from the Paycheck Protection Program (PPP) to help retain employees during the current pandemic. The entire amount of a PPP loan is eligible to be forgiven if the funds are used for qualified expenses. Recent legislation liberalizes the terms of loan forgiveness for

Tax time reminder sticky note with calculator and clock.

IMPORTANT! You May Owe a Tax Payment This Month

Friday, 10 July 2020 by

Find out if you owe the IRS an estimated tax payment You may owe the IRS a tax payment for your 2020 tax return and not know it. Most Americans have income taxes withheld from their paychecks, with their employer sending a tax payment to the IRS on their behalf. This year, however, many more