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Many people enjoy hobbies that are also sources of income. If you earn money from a hobby, remember to report that income on your #IRS tax return. go.usa.gov/xdQYX
Income & Expenses | Internal Revenue Service
go.usa.gov
How do you distinguish between a business and a hobby?
Have you noticed your health insurance premium for 2022 is going ⬆️⬆️⬆️?
www.youtube.com/watch?v=_j6ZZjfbKCA
What happens when major institutions get hacked??? Robinhood, T-Mobile & more?
Check out this story!
youtu.be/XDMi2U3_ZFo
Don't get scammed while trying to get your PPP Loan forgiven!
Please be advised: there are some dastardly scams starting to go around for PPP loan forgiveness. Scammers are setting up mechanisms whereby people think they're entering their information into a PPP forgiveness application, but really they're entering their information into some scammer's database.
Stick with the SBA or the institution from which you received your loan.
Wondering about your PPP loan? So am I. There's still lots of unanswered questions, but for PPP LOAN FORGIVENESS, try this:
SBA has created a PPP "direct forgiveness portal" here: www.directforgiveness.sba.gov/requests
The larger banks, such as B of A and Chase, still have their own PPP forgiveness "portals." But most of the smaller lenders have "opted in" to have the SBA handle the forgiveness applications. For smaller loans, then, under $150,000, majority of borrowers will enjoy the most efficient forgiveness experience by going directly to the SBA portal linked above.
#PPPLoanForgiveness
LATEST BLOG POSTS
- Why I Recommend you OPT OUT of the Advanced Child Tax Credits If You Don’t Need the $$$ Right NowI’ve received a few questions about the ADVANCED payments on Child Tax credits, and decided to share my thoughts with you all. Unless you really need the advanced child tax payments, I recommend you OPT OUT of receiving them. These payments are ADVANCES on child tax credits you’re expected to receive in 2021. The advancement […]
- The Delay is Over – Let’s Get Back To Tax Business!Hello Clients and Friends Thank you for your patience while I worked through the latest tax changes. Here’s an update for you: Both the IRS and CA Franchise Tax Board have extended the tax deadline to May 17th. If you OWE taxes, you now have until May 17th to pay them. I am now able […]
- IRS strongly urges taxpayers not to file amended returns related to the new legislative provisionsThe IRS strongly urges taxpayers not to file amended returns related to the new legislative provisions or take other unnecessary steps at this time. The IRS will provide taxpayers with additional guidance on those provisions that could affect their 2020 tax return, including the retroactive provision that makes the first $10,200 of 2020 unemployment benefits […]
- The American Rescue Plan Means More $$$ for Most TaxpayersIf you have been following the news, you know the new COVID relief plan should be signed by President Biden today. It’s called The American Rescue Plan. This plan not only includes another $1400 in stimulus payments for tax payers and their dependents, but it also includes other tax benefits for certain individuals applicable for […]
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