In previous articles, we’ve emphasized the Internal Revenue Service’s (IRS) position when it comes to borrowers as they cannot “have their PPP cake and eat it too.” In practical terms, that means if you are expecting a loan to be forgiven, you cannot treat the expenses covered by that loan as tax deductible. This principle […]
Dear Clients and Friends, This holiday season, you may feel inspired to give differently. With public health crises throughout the United States on the rise, non -profit organizations are at the forefront in providing relief and assistance. In an effort to encourage charitable giving in 2020 to such organizations, Congress has included two provisions in […]
Since the Pandemic Unemployment Assistance Program (PUA) launched in May of 2020, Unemployment Insurance Fraud (UIF) claims have been on the rise. Have you received a letter from unemployment confirming you have been approved for benefits without ever filing a claim?