Britany Morrison

Tax and Wealth Advisor Alert: IRS Clarifies Stance on Deductibility of Expenses Covered by PPP Loans

Yesterday, the U.S. Treasury Department and Internal Revenue Service released guidance clarifying the tax treatment of expenses funded with forgiven…

4 years ago

Tax and Wealth Advisor Alert: New Streamlined Forgiveness for PPP Loans Up To $50,000

Late last week, the Department of Treasury and Small Business Administration (SBA) jointly released a new loan forgiveness application for…

4 years ago

Tax and Wealth Advisor Alert: IRS Reminds Select Taxpayers of October 15th Tax Filing Deadline

The IRS has reminded taxpayers who filed an extension that the October 15, 2020 due date to file their 2019…

4 years ago

Tax and Wealth Advisor Alert: Strike While the Giving is Good—Historically High Estate and Gift Tax Exemptions May Be Reduced or Eliminated as Early as January 1, 2021

With the economy still struggling, one bright spot remains for those who are willing to make an investment of time…

4 years ago

Don’t Be Caught Off Guard by the Tax and Legal Consequences of Your New Quarantine Hobby (Part 3 of 3)

The coronavirus pandemic has forced most of us to stay home, and as a result, we are all looking for…

4 years ago

Don’t Be Caught Off Guard by the Tax and Legal Consequences of Your New Quarantine Hobby (Part 2 of 3)

The coronavirus pandemic has forced most of us to stay home, and as a result, we are all looking for…

4 years ago

Don’t Be Caught Off Guard by the Tax and Legal Consequences of Your New Quarantine Hobby (Part 1 of 3)

The coronavirus pandemic has forced most of us to stay home, and as a result, we are all looking for…

4 years ago

Tax and Wealth Advisor Alert: Reminder – IRS Estimated Tax Payments Deadline Postponed to July 15 – How This Affects You

The Internal Revenue Service reminds taxpayers that estimated tax payments for tax year 2020, originally due April 15 and June…

5 years ago

Tax and Wealth Advisor Alert: IRS Says Expenses Paid with Forgiven PPP Loans Not Deductible

Yesterday, the IRS released guidance in Notice 2020-32 stating that expenses related to forgivable loans through the Paycheck Protection Program…

5 years ago

Tax and Wealth Advisor Alert: Wisconsin Will Not Tax Forgiven Paycheck Protection Program Loans

Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the federal government is providing much needed relief to small…

5 years ago