by meesekhan | Jul 7, 2021 | Blog
IRS Makes Income Limit Mistake on the Home-Office Deduction Can the IRS ever be wrong? If the IRS is wrong, what’s your strategy? Situation You use the office in your home as the administrative office for your business. You use your downtown office as your sales or...
by meesekhan | Jun 9, 2021 | Blog
IRS Focuses on Cryptocurrency: Are You Ready? Cryptocurrencies have gone mainstream. For example, you can use bitcoin to buy far more than you would think. To see, try googling “What can I buy with bitcoin?” You will get more than 350,000 hits. But using...
by meesekhan | Apr 29, 2021 | Blog
Members of the tax community struggle with the “solo corporate owner” qualification for the employee retention credit (ERC). In their recently published The Employee Retention Credit Guide, authors Alan S. Gassman, Brandon L. Ketron, Patrick D. Collins, and Ian...
by meesekhan | Apr 27, 2020 | 2020 Tax Information, Blog, CARES ACT COVID-18
COVID-19: SBA Clarifies PPP Loan for the Self-Employed with No Employees Be ready! News reports say the SBA is out of money on the first round of funding. No problem. Round two is about ready to start. If you are self-employed, with no employees, you absolutely need...
by meesekhan | Apr 21, 2020 | 2020 Tax Information, Blog, CARES ACT COVID-18
After the terrorist attacks on September 11, 2001, Congress added a little-known tax provision to the tax law. This little–known tax code provision exempts certain payments from taxation during a disaster or terrorist attack. President Donald Trump’s national...
