If you’re trying to secure college financial aid or determine your federal aid eligibility through a Free Application for Federal Student Aid (FAFSA), you may need to obtain a Verification of Non-filing (VNF) Letter from the Internal Revenue Service (IRS)….
If you’ve recently received a letter from the IRS stating that they “found a miscalculation on your 2020 Form 1040” caused by the Recovery Rebate Credit, keep reading. You’ve been waiting on a delayed 2020 refund for months and months…
My clients often struggle with determining how to set up their businesses and tax structures since “corporations,” “limited liability companies,” and “sole proprietorship” can often seem like overwhelming terms. Along these lines, one question I am sometimes asked is: Can…
Kids are expensive. The advance Child Tax Credit payments are here to help. But could this credit negatively affect your tax bill? Many of my clients have been asking if they should be worried about making bank from the government….
We just returned from a much-needed and well-deserved (if I do say so myself) company retreat. We had an amazing time! And the icing on the cake is that the trip is 100% tax-deductible. In today’s article, I’ll share with…
When grieving over the loss of a loved one, the last thing you want to think about is a deceased family member’s unpaid tax bill. However, if you are the estate’s executor or helping that person through the process, you…
The SBA will re-open the Paycheck Protection Program (PPP) the week of January 11, 2021, so today I’m answering the most important questions you might have about receiving a Second Draw PPP Loan for your small business. As you likely…
Ever tried to call Experian about your credit report or managing a freeze? I’m going to guess it wasn’t a pleasant experience. While Experian staff are always helpful, there just don’t seem to be enough of them. Over the years…
I know what you’re thinking: Hasn’t 2020 been bad enough without the government piling on some new tax laws we have to worry about? I totally agree with you there! While it’s true that tax law changes don’t typically benefit…
There are so many important questions to answer when running your own business. One of the most important questions S Corporation business owners answer each year is how much to pay themselves. In today’s article, I’ll fully explain reasonable compensation…
