Watch for letters IRS is mailing in January regarding any Recovery Rebate Payment or Advance Child Tax Credit Payments you received. Send us copies along with your other tax information to guard against reporting errors and unnecessary delays with your 2021 return. The general consensus among tax professionals is that these payments are going to cause

Millions of taxpayers have been receiving multiple government payments in the name of COVID relief, some with more yet to come.  Whether you smile or frown when these payments hit your bank account, there are some important details you need to know. It all started with the CARES Act in March of 2020, which directed

The ever-evolving landscape of PPP loans took another turn last week when the President signed COVID relief legislation.  Probably the most widely publicized provision was the opening of another round of PPP loans.  Just as important however, Congress clarified that any expenses paid with forgiven loan proceeds will be fully deductible, overriding IRS’s earlier position