Waterfront Tax & Accounting Blog

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Services for Real Estate Pros - Lisa D Church CPA, EA, MBA, NTPI Fellow
RECENT BLOG POSTS
A common problem with single-owner and other closely-held corporations is intermingling of funds. This occurs when a business owner/corporate shareholder uses his or her personal checking account for corporate deposits or payment of corporate expenses. Separation of funds can be a key in preservi...
05/24/2020
The CARES Act that was signed into law on March 27, 2020 includes an important provision for taxpayers with various retirement accounts, including 401(k), 403(b), 457(b), traditional Individual Retirement Accounts (IRAs), and designated Roth accounts. For many taxpayers, the law waives their obli...
05/17/2020
To help people undergoing hardships as a result of the COVID-19 crisis, the IRS has launched a set of new policies called the People First Initiative (PFI). The initiative provides temporary relief from certain payment obligations for many taxpayers, including those who either have an existing IR...
05/11/2020
Veterans Affairs (VA) and Supplemental Security Income (SSI) Recipients: Register Dependents by May 5th to Receive Full Economic Impact Payment (EIP) Recipients of Veterans Affairs (VA) and/or Supplemental Security Income (SSI) benefits will automatically receive an Economic Impact Payment (EIP) ...
05/02/2020
The IRS warns everyone to watch out for scam phone calls, emails and text messages related to COVID-19 (coronavirus) tax relief programs during the spring of 2020. This new wave of phishing attempts and other criminal activity centers on the Economic Impact Payments (EIPs) that the IRS is current...
04/26/2020
The IRS has launched two new web portals to help some taxpayers receive their COVID-19 Economic Impact Payments (EIPs) more quickly. Remember that the vast majority of Americans who filed a 2018 or 2019 federal income tax return, or receive Social Security or Railroad Retirement benefits, do not ...
04/18/2020
 The following are 6 steps that small businesses impacted by COVID-19 should do now:1) Consolidate as many liquid financial resources as possible 2) Prepare and update a crisis budget3) Develop an employment strategy4) Prepare and maintain a cash flow burn rate analysis5) Track qualified loan for...
04/13/2020
As part of its COVID-19 (coronavirus) tax relief program, the IRS will begin mailing Economic Impact Payments to many US taxpayers by the end of April. If you filed a 2018 or 2019 tax return, your payment will be sent automatically – no action is required on your part. Senior citizens, recipients...
04/13/2020
The following is a brief introduction to just some of the US Government stimulus funding from the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) that provides relief from the COVID-19 impact. Relief for Individuals: All individuals with a Social Security Number who do not exceed i...
04/04/2020
In response to national health concerns, the IRS has extended both the 2019 federal income tax filing and payment deadlines for most taxpayers. Here are the important details: - The filing deadline for 2019 federal individual income tax returns has been automatically moved from April 15, 2020 to ...
03/28/2020
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Lisa Church

IRS tax representation in Anne Arundel County, MD
local_phone877-727-6577
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