We are considering applying for a PPP 2 loan. Our restaurant lost money in 2020 but may be fine if our PPP 1 loan is forgiven. We are currently operating at 50% capacity and have started to make a profit, but we are unsure about the necessity certification for PPP 2, especially if we have to shut down again due to COVID-19. How do we certify the necessity for PPP 2, and what are the implications if we continue to make a profit?

February 15th, 2024

I was checking the status of my second stimulus check and it said my first check went to a card ending in 7196 and my second check would be mailed to the address on file. Problem is I don't own a card ending in those last four numbers so I'm wondering if the address they have for me is wrong. What should I do?

July 21st, 2024

I want to know if I am handling taxes correctly on my home (primary residence) for which my father, who doesn’t live here, cosigned with me on the mortgage because at the time (just after divorce) I could not qualify on my own. We hold the title as Joint Tenants With Right of Survivorship (JTWROS). My father has made zero financial contribution, and will not be doing so. I make all of the payments, pay all property taxes, and claim all tax deductions related to the mortgage and property. The second and more important part of this is, what happens when he dies? I know that title goes to me automatically, but isn’t there an adjustment then to the basis for his half of ownership? Also then are there any tax implications to his estate when he dies? Hopefully this won’t be for another 10 or 20 years, but I need to know because I am refinancing. I would like to keep it this way by trying to refinance on my own.

January 8th, 2024

If I have my kids' mother's consent to claim one of the children on my tax return, do I have to fill out a form or can she just let me go ahead with it and prove that it's okay?

April 11th, 2023

I currently declare my business losses on my taxes as a sole proprietorship and would like to create an LLC. After the LLC is established, can I still declare my losses and have my AGI adjusted as before?

July 16th, 2023