Want to Avoid Paying Back Provider Relief Funds?

Want to Avoid Paying Back Provider Relief Funds?

Truly a relief in 2020, the federal government allocated $175 billion in payments to be distributed to providers of healthcare services and support through the Provider Relief Fund (PRF).   Providers even received the Relief Fund Payments from Phase 1, the $30 Billion...
Are you eligible for the Recovery Rebate Credit?

Are you eligible for the Recovery Rebate Credit?

This year taxpayers may get an Economic Recovery Credit when they file their returns.  Will you? There have been two rounds of stimulus checks sent to taxpayers.  Those were based on tax returns filed for either 2018 or 2019, the last return filed by the taxpayer...
The Installment Sale: Definition and Benefits

The Installment Sale: Definition and Benefits

An installment sale can be a prudent tax strategy for someone who is selling property or an asset.  In an installment sale, the seller receives at least one payment after the tax year in which the sale happened. Rather than receiving the total contract price for the...
Are you eligible for the Recovery Rebate Credit?

It’s Not Much, but Every Little Bit Helps

The higher standard deduction enacted under the Tax Cut and Jobs Act and the economic impact of the Coronavirus are expected to have a significant impact on the ability of charitable organizations in our country to do their work, and in some cases survive.  To provide...