by Steven J Weil, PhD, EA, LCAM | Aug 10, 2020 | Business Tax, Covid-19, Personal Tax
President Uses Executive Orders Too Authorize Extending Unemployment Benefits and More President Trump signed four executive orders Saturday. These orders provide additional jobless benefits, suspend the collection of payroll taxes, avoid evictions and assist with...
by Steven J Weil, PhD, EA, LCAM | Aug 7, 2020 | Covid-19, Personal Tax
Having trouble making payments on a loan from a qualified employer pension or retirement plan? The CARES Act may just have provided you with the perfect solution, allowing you to avoid losing the tax deferral and being subject to the early withdrawal penalty. The...
by Steven J Weil, PhD, EA, LCAM | May 6, 2020 | Blog, Business Tax, Covid-19, Personal Tax
The CARES Act extends the traditional ability of employers to exclude payments on behalf of an employee for educational expenses of up to $5,250 per year to include the repayment of employee student loans. In both cases, payments are deductible to the employer while...
by Steven J Weil, PhD, EA, LCAM | May 6, 2020 | Blog, Business Tax, Covid-19, Personal Tax
One of the questions we are getting the most right now is regarding what those who have been forced by their business or company to work at home can deduct. The truth is if you are an employee working from home as the tax law currently stands, deductions for employee...
by Steven J Weil, PhD, EA, LCAM | Apr 2, 2020 | Blog, Personal Tax
The U.S. Department of the Treasury and the Internal Revenue Service today announced that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an Economic Impact Payment. Instead,...
by Steven J Weil, PhD, EA, LCAM | Mar 27, 2020 | Personal Tax
According to IRS Commissioner Chuck Rettig. “In addition to extending tax deadlines and working on new legislation, the IRS is pursuing unprecedented actions to ease the burden on people facing tax issues. During this difficult time, we want people working...
