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Stimulus’ Tax Benefits Heavily Weighted To Ultrawealthy

by | Apr 14, 2020 | Tax

Originally published on Forbes.com. The nation is being led to believe that the Coronavirus Aid, Relief, and Economic Security Act (CARES)—the $2 trillion stimulus bill now pending in the House—is bipartisan. Looking at the tax provisions and seeing how they are...
Wrong Signature Voids Million-Dollar Plus Refund Claim

Wrong Signature Voids Million-Dollar Plus Refund Claim

by | Apr 10, 2020 | Tax

Reilly’s Fourth Law of Tax Planning – Execution isn’t everything, but it’s a lot- stands out as the lesson in a Court of Claims ruling in the case of Andrew C. Dixon. Background Mr. Dixon is an Australian bloke living in the United States. The story on his...

A Tax Season Like None Other

by | Apr 10, 2020 | Tax

Of the billions of problems that have been created by our current crisis, somewhere near the bottom of the pile is the one that is bothering me right now. My plan for fulfilling my continuing professional (CPE) education requirement has been totally overturned. An...

Paycheck Protection Program – Consider Alternatives

by | Apr 8, 2020 | Tax

Twenty years from now, when you mention the pandemic of 2020 to an accountant who was working then, he or she might not remember COVID-19 was the name of the virus. Paycheck Protection Program – that will be remembered. The Biggest Uncertainty I see that Tony...

Paycheck Protection Program – Think Fast. Make Mistakes

by | Apr 8, 2020 | Tax

Originally published on Forbes.com. “Think fast. Make mistakes” is one of the few sayings from my days at Joseph B. Cohan & Associates that would not run afoul of the contributor deadlines. And that is the major lesson of the passage and implementation effort of...