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Florida Firm Passes On Paycheck Protection Program

by | Apr 21, 2020 | Tax

Originally published on Forbes.com. When Daryl and Maury Carter were featured in Forbes in 1993, it was because of their unusual real estate investment strategy – raw land and no leverage. Well now they distinguish themselves for another reason. Maury L Carter...

Paycheck Protection Program – Deductibility Dilemma

by | Apr 17, 2020 | Tax

Originally published on Forbes.com. Although there are a number of programs that are supposed to help businesses and workers cope with the COVID-19 disaster included in the CARES Act, the two that stand out are the Paycheck Protection Program and Federal Pandemic...

Is Now The Time For Non-Filers To Come In From The Cold?

by | Apr 15, 2020 | Tax

Originally published on Forbes.com. One of the earlier responses of the IRS to the COVID-19 crisis was IR-2020-59- IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance programs. Ironically, one practitioner sees the IRS...

Are Gigsters Frozen Out Of SBA Disaster Relief?

by | Apr 14, 2020 | Tax

Originally published on Forbes.com. Like many others, millions I would assume, I applied to the SBA for an Economic Injury Disaster Loan, which includes an advance of as much as $10,000. It was for my newly founded production company Risorgimento Productions LLC....

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...