Allan Rolnick's (taxcoach) Blog

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Industry Observer - TriState Tax Resolution LLC
RECENT BLOG POSTS
So you or your clients got your PPP Loan money - Congratulations...now what? Congress has allocated more than $600 billion to PPP loans, with, maybe, more to come.  Many questions have arisen how businesses should use these funds and account for them to obtain the promised loan forgiveness.  In ...
05/09/2020
  American law schools sponsor over 200 law reviews: dense collections of grim, wooden prose, groaning with footnotes. (Chief Justice John Roberts once said "Pick up a copy of any law review that you see, and the first article is likely to be, you know, the influence of Immanuel Kant on evidenti...
05/06/2020
 COVID-19 is affecting millions of Americans in all aspects of their life. As of the beginning of May, 1 million Americans tested positive for the disease. A much more striking number is the number of people whose finances have been shred to pieces with the prolonged shutdown and “stay-at-home” o...
05/04/2020
  Much like a natural disaster, the coronavirus took the world by storm and forced everyone to seek “shelter at home” and to change their daily habits in an effort to “flatten the curve”. This meant shutting down businesses and within a week, millions of Americans found themselves out of a job. B...
05/01/2020
 Life comes at you fast. Two months ago, the Dow was flirting with 30,000, unemployment was at 3.5%, and the economy was looking forward to spring with the rest of us. Today, of course, we've put the economy in a medically-induced coma. People who are trapped at home with cranky partners and chil...
04/27/2020
A couple of weeks ago, we wrote about the great toilet paper shortage of 2020. It gave us a great opportunity to indulge in the sort of lowbrow humor that made MAD magazine such a hit with 10-year-old boys. The problem turns out to be simple. Toilet paper makers produce two separate products for ...
04/21/2020
  COVID-19 turned the world upside down. With most of the country shut down, businesses closed, and people forced to “stay-at-home” in order to keep everyone safe, it was just a matter of time before the IRS postponed tax day. On March 21, 2020, the IRS announced that they’d be delaying the tax f...
04/17/2020
 Our calendar is full of "Hallmark holidays": meaningless commemorations and celebrations, usually created by marketers and publicists. Just this month, there's National Talk Like Shakespeare Day, National Hug a Plumber Day, and National Wear Pajamas to Work Day. (That last one may not feel like ...
04/13/2020
  Coronavirus has turned millions of Americans who used to laugh at the doomsday preppers on National Geographic into converts. Your neighborhood supermarket is working overtime to keep shelves stocked as panicked shoppers rush to settle in for stay-at-home orders. And the first item to disappea...
04/11/2020
 Millions of us who are staying at home in this time of coronavirus are discovering to our dismay just how much the clown car of halfwits, freaks, and grotesques of "reality TV" has taken over our living rooms. The endless parade of bachelors, teen moms, real housewives, and Kardashians have slow...
03/30/2020
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