Stanley Rose, CPA, MST

Articles by Stanley

Foreign Bank Reporting Penalties are Reeled In Are My State Pandemic Relief Payments Taxable? A New Federal Registry of Direct and Indirect Entity Ownership Tax Features of the Inflation Reduction Act of 2022 New Property Tax Relief for Seniors in Maine – Apply by December 1 Tax Alert: Mid-Year Increase to IRS Mileage Rates Reporting Advance Child Credit Payments Federal Tax Credit for Electric Vehicle Charging Stations Your Relationship with the IRS: It’s Complicated R&D Expense (Mis)Treatment Commercial Solar Energy Credits: A Tax Primer More Pandemic Relief Changes to 1099 Reporting of Nonemployee Compensation Presidential Candidates’ Tax Plans Simplified PPP Forgiveness Application for $50,000 Loans (And other SBA Guidance) New SBA Rules Apply to Business Acquisitions of PPP Entities (Requirements for Buyers, Sellers, and Lenders) Payroll Tax Deferrals IRS Refund Delays and Questionnaires PPP Borrowing Period to be Extended New PPP Updates and Current Status New PPP Loan Applications and IFR are Issued Paycheck Protection Program Flexibility Act of 2020 Don’t Confuse Economic Stimulus Payments with Junk Mail Potential Changes to PPP Loan Forgiveness Criteria PPP Loan Forgiveness Applications May 7 Deadline to Return PPP Loans is Extended to May 14 The Fog of SBA/PPP Loan Scrutiny Many More Tax-Related Deadlines Qualify for July 15 Deferral Recovery Rebates: Direct Payments to Individuals IRS Q&A on the April 15 Filing and Payment Deferrals Another Deferral – This Time, an April 15 Tax Filing Extension A Limited April 15 Tax Payment Extension Late 2019 Federal Tax Legislation Credit Cards (the Sneaky Loan) and Your Credit Rating How to Understand and Compare Loans… and Choose the Best One New IRS Settlement Offer for Misclassified Employees Self-Rental Income is Not Subject to New 3.8% Investment Income Tax Don’t Step in the Hobby Loss Tax Trap Form 1099 Update – Rules are Relaxed for Rental Activity and Purchase of Goods New Chip-Based Credit Cards Offer More Protection Foreign Bank Account Reporting: How to Avoid a $10,000 Penalty Failure to Report Foreign Account Holdings Results in $2.2 Million Penalty Foreign Asset Reporting Roundup How the Trump Tax Plan will Impact the Real Estate & Construction Industries The Tax Cuts and Jobs Act – A Guide Through Its Many Changes Maine’s Estate Tax May Increase – Are Snowbirds a Flight Risk? The tax implications of short-term rentals in NH Massachusetts Sales Tax Holiday Maine Changes Tax Laws to Favor Investment IRS Identity Theft Protection PIN Program is Expanded IRS Computation Error Affects Certain 2018 Schedule D Filers Let’s Talk about Debt: Your Financial Frenemy Employees Can Be Personally Responsible For a Company’s Failure to Remit Payroll Tax Tax Cuts and Jobs Act (H.R. 1) – A Summary of the Proposed Changes Hurricane Tax Relief Provided by IRS, DOL, FinCEN IRS-based Identity Theft – and Steps You Can Take to Prevent It Carried Interest Explained Saving Taxes Six Ways to Sunday Trump’s Tax Plan IRS Agrees that Unmarried Homeowners are Entitled to Greater Interest Deductions President’s Budget Proposal Has S-corporations in the Crosshairs Significant Tax Legislation is Passed by Congress Airbnb – As Discussed by a Road Warrior, a Homeowner and a Tax Accountant Kicking You While You’re Down: Tax Deduction Limits of “Casualty” Losses Showdown in Augusta: Tax Changes in Maine’s Proposed Budget Debit or Credit – Which Card Should I Use?