Category Archives: 2020 Tax Stimulus

In these times of uncertainty, governments all over the world are taking unprecedented action to support people who have been adversely affected by the COVID-19 pandemic. On March 12th, the U.S. Department of Labor released updated eligibility criteria for unemployment insurance (UI) programs to include people that have become unemployed as a direct result of the coronavirusContinue reading “How Can I File for Unemployment in the United States?”

If you are struggling financially due to the COVID-19 epidemic, you will be happy to know Congress, as part of the CARES Act enacted on March 27, has made it easier for you to access your retirement funds during this emergency. Normally, withdrawals from traditional IRAs and qualified plans such as 401(k)s, self-employed pension plans (SEPs), taxContinue reading “Running Low on Money? Congress Has Made it Easier for You to Tap Your Retirement Savings”

Among the hardest hit during the coronavirus epidemic are the small businesses that have lost their revenue sources and do not have the financial resources to weather the storm. In this case, the federal government’s SBA (Small Business Administration) Economic Injury Disaster Loan (EIDL) can help a business make it through these trying times. Normally,Continue reading “Stimulus Legislation Includes SBA Loan Forgiveness”

As the whole world grapples with the personal, professional, and economic fallout of the COVID-19 outbreak, we wanted to help our tax and small business clients stay up to date on the latest news affecting them each day. Keep checking back for the top headlines to stay informed. Here is some of the important newsContinue reading “Live Updates: The Latest COVID-19 News for Taxpayers and Small Business Owners”

Hi, my name is Jesse Lipscomb. Hope you all are staying safe out there. I am an Enrolled Agent licensed by the IRS, and as an Investment Advisor in California. I specialize in Tax Planning for Real Estate Agents, Real Estate Investors, Retirees, and Small Business Owners – usually solo-preneurs & one person operation corporations.Continue reading “2020 Tax Stimulus Blog”

If you’re a small business owner struggling financially due to the COVID-19 outbreak, there is help available. The SBA is offering Economic Injury Disaster Loans of up to $2 million – here are answers to the FAQs. Q: How much funding can I get? Small businesses that need support through the disaster recovery period canContinue reading “Q&A: Understanding SBA Disaster Loans and What They Mean for You”

Although most American taxpayers receive a refund each year when they file their income tax returns, there are those who for one reason or another end up owing. However, lots end up owing on April 15th and many don’t have the means to pay what they owe. In an unprecedented move to dampen the economicContinue reading “Can’t Pay Your Taxes? Payment Due Date Extended Because of COVID-19”

The COVID-19 outbreak is affecting every facet of our lives – including our taxes. Check here for all your FAQs to see how you may be impacted.Q: Has the government extended the filing deadline? A: Yes, the federal government has extended the April 15 filing deadline for 2019 tax returns to July 15, 2020. Please checkContinue reading “Coronavirus and Taxes: Frequently Asked Questions (FAQ)”

As part of the efforts to contain the COVID-19 outbreak, the elderly, especially those over the age of 80 who are most susceptible the dangers of the virus, have been asked to self-isolate themselves. At the same time, the public has been asked to assist family, friends and neighbors who can’t do their own theirContinue reading “Beware of Scammers During the COVID-19 Crisis”

We are living during a period of trying, uncertain times. The current outbreak of the Coronavirus disease (COVID-19), has had a significant impact on the way we go about our daily lives. From how we work, to how we live, to how we relax, no aspect of our lives has gone untouched. With a potential recession onContinue reading “Why You Need a Financial Advisor Even More in Uncertain Times”