Warning Signs Your Employee Retention Credit Claim is Incorrect

The IRS recently issued a statement regarding incorrect Employee Retention Credit (ERTC) Claims they have been noticing. Many business owners have utilized ERTC services that are not tax professionals or associated with the IRS. This has caused a wide issue of misinformation that could have serious negative implications on business owners who filed ERTC claims… Continue reading Warning Signs Your Employee Retention Credit Claim is Incorrect

Claiming a Stimulus Check on your 2020 Tax Return

In 2020, millions of Americans received one or two Stimulus Checks also known as Economic Impact Payments (EIP). That means that this year your tax return form will be slightly different. Greenlight Financial can help you file your tax returns and ensure you receive any money you are eligible for. Who qualifies for a stimulus… Continue reading Claiming a Stimulus Check on your 2020 Tax Return

IRS Provides Relief for Acceleration of CARES Tax Benefits for BBA Partnerships

The IRS has just issued Revenue Procedure 2020-23. It intends to address a problem caused by some tax changes under the CARES Act for partnerships.┬áIt provides relief permitting partnerships to obtain the benefit of the new tax provision more quickly. What is the CARES Act? The CARES Act includes a number of new tax deductions.They… Continue reading IRS Provides Relief for Acceleration of CARES Tax Benefits for BBA Partnerships