INDIVIDUAL COVID 19 TAX RELIEF

The Corona Relief, Aids, and Economic Security (CARES) Act that passed through legislation provides additional relief to individuals. Listed below are key points to be aware of. 1. Recovery Rebates – all individuals are eligible for recovery rebates of up to $1,200...

SMALL BUSINESS COVID 19 RELIEF

The Corona Relief, Aids, and Economic Security (CARES) Act that passed through legislation provides additional relief to small businesses (businesses with 500 or less employees). Listed below are key points to be aware of. 1. Paycheck Protection Program (PPP) – Loans...

Virtual Currency and Your Taxes

As the use of virtual currency increases, the IRS has continued to issue guidelines for the tax treatment of virtual currency, along with clarification of what it is considered virtual currency.  The IRS has stated “in general, the sale or exchange of...