Author Archives: alextaxmama

There is over $1 billion in unclaimed 2016 tax refunds

Eva Rosenberg joins Jim Blasingame to report that there is still time to file a 2016 return and get the refund, but that time is running out, and you have to file it on paper through USPS. [s3audio url=”http://zaicast.smallbusinessadvocate.com:8000/media/jbsba/2020/07/20200702-I.mp3″ /]

You still have to file a tax return on July 15, but you may avoid penalties

Eva Rosenberg joins Jim Blasingame to report that the IRS isn’t moving the tax filing date beyond July 15, but there is a form that will allow you to extend payment of taxes and avoid penalties.   [s3audio url=”http://zaicast.smallbusinessadvocate.com:8000/media/jbsba/2020/07/20200702-H.mp3″ /]

IRS tax filing and paying extensions due to the coronavirus

Eva Rosenberg joins Jim Blasingame to report on the tax filing extensions that are part of the CARES Act, plus the extensions on paying taxes for 90 days, as well as the ability to catch up for non-filing up to three years back. [s3audio url=”http://zaicast.smallbusinessadvocate.com:8000/media/jbsba/2020/04/20200414-H.mp3″ /]

Will the PPP funds be taxable, and new net-operating-losses rules?

Eva Rosenberg joins Jim Blasingame to report that when the PPP loan is forgiven, it will not become a taxable item for small businesses, plus new net-operating-loss rules that could allow you to look back five years with amended returns. [s3video url=”http://zaicast.smallbusinessadvocate.com:8000/media/jbsba/2020/04/20200414-J.mp3″ /]

What businesses have to file tax returns on March 16th

Eva Rosenberg joins Jim Blasingame to report that Sub S, LLCs and legal partnerships have to file a tax return or an extension by Monday, March 16, 2020, and whether an extension impacts chances of an audit.   [s3audio url=”http://zaicast.smallbusinessadvocate.com:8000/media/jbsba/2019/11/20191118-F.mp3″ /]

Why filing an extension is part of a smart tax strategy

Eva Rosenberg joins Jim Blasingame to reveal some of the reasons why it’s probably smart to file an extension for your business and personal returns, plus reasons why you would want to change from a Sub S to a C Corp, or vice versa.   [s3audio url=”http://zaicast.smallbusinessadvocate.com:8000/media/jbsba/2019/11/20191118-F.mp3″ /]