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Category: IRS / Tax Policy

The IRS just called me! (protect yourself from financial fraud)

Author: admin No Comments

The IRS just called me! (protect yourself from financial fraud) Financial and tax fraud scams are increasing and becoming more sophisticated. No doubt you or someone you know has received some correspondence, whether by phone, email, or regular mail, that has been fraudulent in nature. Continue reading to learn how you can take proactive steps […]

COVID-19: The IRS Goes Easy on Taxpayers Who Owe Back Taxes

Author: Candice Gerlach No Comments

Many taxpayers are struggling to pay their taxes due to the coronavirus (COVID-19) pandemic. Some 11.23 million Americans owe a total of more than $125 billion in back taxes to the IRS. This number is likely to grow. During the first wave of the pandemic in March, the IRS implemented the People First Initiative, which […]

If the SBA Made Six Loan Payments on Your Behalf, Are You Taxed?

Author: Candice Gerlach No Comments

Since the arrival of the COVID-19 pandemic, the Small Business Administration (SBA) Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans (EIDLs) have gotten the most attention from businesses seeking a quick cash infusion. But the SBA has several other loan programs that pre-date the pandemic and don’t require a disaster for eligibility. These […]

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