New CDC Eviction Rule
Floating under the radar during so much NOISE the past couple weeks … the CDC announced a halt to evictions for residential renters, and that starts THIS WEEK. First of all, the authority the CDC cites to establish this rule is the Public Health Service Act of 1944, which is also being cited in a […]
Will PPP Loans and EIDL Advance be Taxable?
PPP Loans The IRS has clarified that if your loan money is forgiven, it won’t be considered taxable income. BUT, nor will it be eligible for tax deductions, even though you likely used it for expenses that normally would be tax deductible. This will leave you with a tax liability. For example, if you received […]
3 Tips for 2020 Tax Returns
5 Tax Tips For 2020 Tax Season
2018 and 2019 were big years for tax changes. The Tax Cuts and Jobs Act had major implications for individuals and businesses. In 2020, overall, we will see much less change but it’s important to ensure you’re taking advantage of these changes properly in 2020. Here are 5 tax tips for 2020 tax season to […]
Do You Own Rental Property? 15 Tax Deductions You Should Know About.
If you own rental property and receive rental income, there are certain expenses that you may qualify to deduct on your tax returns. Navigating the new tax laws and changes is particularly important for real estate investors. Emerald Tax & Accounting specializes in working with real estate investors, so if you own rental property, here […]
What happens if you haven’t received a W-2 yet?
Real Estate & QBI Deduction
How Will The Government Shutdown Impact Taxes?
How the New Tax Law Changes Affect Individuals
Businesses: Get Accounting Advice Before Year End
