Allan Rolnick's (taxcoach) Blog

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Industry Observer - TriState Tax Resolution LLC
 Colleges looking to compete for students have added new fields like cybersecurity, political campaign management, and even beer fermentation. (That last one seems a bit indulgent, given how many college students pursue rigorous self-study programs in malt beverages with no promise of academic cr...
 With the filing deadline moving from the traditional date of April 15th to July 15th because of the coronavirus pandemic, it can be tempting to put off filing your taxes for as long as possible.  Most taxpayers dread the tedious task of compiling their financial records, tax documents and filing...
 Here in the United States, the National Football League's "Hypomatic 3000" machine works day and night to convince us that our brand of football is the most important contest in the world. But everywhere else, the people we call "soccer" fans know their game is what counts. Last year, a hundred ...
Just when we thought that the business-related news might slow down for Greater New York City business owners…Not only are unemployment numbers improving (much to the surprise and delight of the stock markets), but …Congress passed, and the President has signed a bill that affords businesses who ...
  Whether it is a global pandemic shutting the economy down for months on end, a stock market crash that leaves formerly giddy investors frightened and nervous or a housing crisis that makes real estate a risky bet, living through tough economic times is never easy.  Even so, how you handle yours...
 In China, it's a curse to say "may you live in interesting times." If that's so, 2020 is surely cursed. It all started with coronavirus in January or thereabouts. April brought the murder hornets to Washington State. (They might still be only in Washington, but they're murder hornets.) And last ...
  This pandemic represents an opportunity for you. Whatever it is that caused your initial problems with the IRS and other taxation authorities … our cultural moment has provided all of us with an opportunity for a “reset” — if we take it. We can all have a long conversation about the virus, the ...
 Memorial Day weekend is fading in the rearview mirror, and we've ventured outside to commemorate those who gave their lives in service to their country. Summer is officially "open for business" as it can be in this year of coronavirus. But there's a lesser-known occasion coming up that the avera...
  Maurice Fayne, did you think you would get away with it? Did you think styling yourself "Arkansas Mo" on a show like VH1's "Love & Hip Hop: Atlanta" made you the kind of guy who can pull a con on the down low? When you borrowed $2,045,800 from the Paycheck Protection Program, did you really th...
 In 1914, Woodrow Wilson signed a proclamation designating the second Sunday in May as Mother's Day. Ever since then, Americans have spent that day destroying Mom's kitchen in the name of breakfast in bed, tramping through her garden in the name of bringing her flowers, and making up for the phon...

Allan Rolnick

Small Business Tax Strategist
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