Tax-Free Qualified Disaster Relief Payments Internal Revenue Code Section 139 specifies that any amount received by an individual as a qualified disaster relief payment is not included in gross income.  This means that if your…

As we approach the year’s end, many taxpayers think about making contributions to their favorite charities.  The needs this year may be greater than ever.  Don’t get burned because you don’t know the rules. Make…

Millions of Americans are adjusting to new back-to-school and work realities. Many area schools are adopting a mix of in-person and online classes. Similarly, some businesses are using a hybrid approach for the worksite. How…

Some students have a reprieve on paying their student loans this year. That’s a result of the CARES act, an Executive Order by President Trump, and for New Jersey residents, the New Jersey College Loans…

The most fruitful periods of growth often happen when they are the least expected. Teachers and parents call them teachable moments. The disruption to jobs caused by this year’s pandemic is a massive teachable moment…

For all of the anguish that the pandemic has caused businesses, there is one silver lining. Stay-at-home orders have forced many companies to build their capacity for remote work. This new way of doing business…

With all the attention on the Paycheck Protection Program, you may not have heard of these sections of pandemic relief laws that are valuable to small businesses and can be applied retroactively. Net operating losses….