Paycheck Protection Program If your business is in immediate need of cash, the federal government has rolled out several different programs to assist businesses, one of which is the Paycheck Protection Program. The Paycheck Protection Program (“PPP”) is a federally guaranteed loan to businesses to pay their payroll and certain other operating expenses. PPP has […]
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COVID-19 Tax Relief: Everything You Need to Know
The IRS and state governments have announced various COVID-19 tax relief programs due to the coronavirus. We’ll do our best to keep this page updated with the most up to date information. The IRS’s COVID-19 Tax Relief Announcements The IRS officially extended the deadline to file and pay your 2019 taxes until July 15, 2020, […]
Nonfilers: What to do when you haven’t filed your tax returns in years
One of the most common types of matters I handle is the nonfiler—the individual or business that has not filed taxes in one or more years. One in every ten people who has a filing requirement does not file a return. Some common reasons people don’t file: An illness or family death around tax season […]
2018 Tax Survey Of New Jersey Business Owners
Tax and tax law can be extremely complex. In fact, there are nearly 10.1 million words in the US tax code. Moreover, tax law is constantly evolving. There were nearly 5,000 changes alone between 2001 and 2012, and there have been even more changes in the past 6 years since 2012. Being able to make […]
IRS Tax Liens
IRS tax liens can be broken down into two categories: (1) unfiled liens and (2) filed liens. Federal Tax Lien: A Comprehensive Guide for Businesses A Comprehensive Guide to Understanding Federal Tax Liens In the world of taxes, numerous terms and concepts can confuse the average taxpayer. One such term is a federal tax lien. […]
