In December 2017, major tax reform was launched, which concerns individuals and businesses. It is commonly known as the Tax Reduction and Employment Act, TCJA, or Tax Reform. Most...
In general, any form of military payment obtained while deployed to a combat zone is excluded from federal income tax. This translates into significant tax savings for the active combat...
Last April 30, 2020, the IRS Notice 2020-32 was issued, and according to it, there should be no deductions for qualifying business loans that are under the Paycheck Protection Program...
Many people owe the IRS money without a clue on what to do. There are quite a few options with hiring a tax debt relief company as one of them. One might think there is no big deal...
The paycheck protection program is a product of the CARES Act. It is available to business owners via institutions like the bank of America. It allows businesses to borrow money and...
Posted by Elliot Kravitz, ATP on 06/22/2020
2020 has been a unique year with lots of activities and interesting policies. With the distraction from the COVID-19 pandemic, it is easy to forget essential tax rules necessary. Also,...
A student loan is a reality in the lives of 44 million Americans who collectively owe $ 1.6 trillion. These loans are an essential part of the discussion on the financial prospects...
With the rising cost of Education each year, student loan seems to be a lifesaver for many. Unfortunately, however, the number of Americans owing student loans increases as each year...
Posted by Advanced Accounting & Tax Planning on 06/10/2020
There is a large sum of money, $ 377 billion, intended to support small businesses in the latest coronavirus stimulation package from Congress. Understanding exactly how to access...
Posted by Flynn Financial Group Inc on 05/14/2020