by Steven J Weil, PhD, EA, LCAM | Feb 23, 2021 | Blog, Business Tax, Investments, Personal Tax
๐๐ก๐ ๐๐๐ ๐ก๐๐ฌ ๐ฆ๐จ๐ฏ๐๐ ๐ญ๐ก๐ ๐ฏ๐ข๐ซ๐ญ๐ฎ๐๐ฅ ๐๐ฎ๐ซ๐ซ๐๐ง๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง from Schedule 1 of the 2019 Form 1040 to the first page of the 2020 Form 1040 and Form 1040-SR. The question asks, “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial...
by Steven J Weil, PhD, EA, LCAM | Dec 9, 2020 | Blog, Covid-19
In a recent revenue ruling, the IRS presented two situations in which a taxpayer used funds from a Paycheck Protection Program (PPP) loan to pay eligible expenses. In the first situation, the taxpayer applied for forgiveness of the loan in November 2020, but did not...
by Steven J Weil, PhD, EA, LCAM | Dec 9, 2020 | Blog
The IRS has released final regulations (TD 9935) addressing Section 1031 like-kind exchanges. The final regulations adopt, with modifications, proposed regulations (REG-117589-18) issued in June 2020 and implement the TCJA’s limitation of Section 1031 treatment...
by asoto64 | Sep 25, 2012 | Blog
Tax Questions & Answers – Need an answer to a tax question or what if? Here is your chance to ask one of our professionals. You can also use this Blog to tell us your tax story good or bad. We want to hear your ideas, questions, and concerns. We will also...
