- Video: Don't Miss the Opportunity for a Spousal IRA
- Watch this video for what to know about Spousal IRAs, an opportunity for a spouse with low or no income to contribute to his or her own IRA.
- SBA Questioning PPP Borrowers with Loans Over $2 Million
- When Congress initially authorized the Paycheck Protection Program, its intent was to provide loans that would be partially or completely forgiven if used for the intended purposes of helping businesses affected by COVID-19 stay afloat and to help those businesses maintain payroll. As part of the Small Business Administration’s (SBA’s) loan application, Form 2483 or lender’s equivalent form, borrowers had to certify under penalty of imprisonment and monetary penalties to the following:
- Beware of New Text Scam Related to Stimulus Payments
- The IRS has warned taxpayers of a clever scheme by internet scammers to dupe taxpayers into revealing their bank account information under the guise of receiving the $1,200 Economic Impact Payment (EIP) that Congress authorized last Spring.
- Video: Don't Miss out on Year-end Tax Planning Opportunities
- 2020 has been a disastrous year, but it also gives rise to more than the usual tax planning opportunities. Watch this video to learn more.
- Renting Your Home or Vacation Home for Short Periods
- Many taxpayers rent out their first or second homes without considering tax consequences. Some of these rules can be beneficial, while others can be very detrimental. If you rent your home to others, then you should be aware of some special tax rules that probably apply to you.
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