by Christy Lee | Apr 10, 2020 | Cracking the Tax Code with Christy
Beginning today, April 10, 2020, Sole Proprietors and Independent Contractors can apply for Paycheck Protection Program funds. Here’s what you need to know: You can apply for 2.5 times your average monthly payroll costs. Payroll costs for sole proprietors and...
by Christy Lee | Apr 9, 2020 | Cracking the Tax Code with Christy
T New regulations came out yesterday, which have provided some more guidance. 1. The first disbursement should be received no later than 10 days after you’ve been approved. 2. You have eight weeks to use the funds for eligible...
by Christy Lee | Mar 18, 2020 | Cracking the Tax Code with Christy
In light of the nationally declared pandemic, also known as the Corona Virus or COVID-19, taxpayers are eager to find out if the IRS will halt services, audits, and change the deadline of the standard April 15th deadline for filing taxes for 2019. While there have...
by Christy Lee | Mar 15, 2020 | Cracking the Tax Code with Christy
It’s time to file your income tax return for 2019. If you’re a teacher from K through twelve, or are an instructor, principal, teacher’s aid, or counselor with at least 900 hours within a school year, you’re eligible for certain Educator Expense Deductions. If...
by Christy Lee | Feb 15, 2020 | Cracking the Tax Code with Christy
With the filing season here, students as well as their parents should study up on the new tax credit breaks that can help with the continuously rising cost of higher education. Why? The IRS is now reducing liability that students (or their parents) owe each year,...
by Christy Lee | Jan 1, 2020 | Cracking the Tax Code with Christy
When it comes to preparing your yearly tax return on your own, be sure that all of your information from the taxable year has been checked, double checked, and then checked a third (forth and fifth time) before submitting your forms to the IRS. Occasionally, mistakes...