PPP loan forgiveness

Neovision’s Guide to PPP Loan Forgiveness

The stay-at-home orders required by nearly every state from March through May were necessary to gain traction against the coronavirus, but the businesses that were forced to suspend or significantly alter their operations found themselves suddenly unable to stay afloat.  To provide support for businesses, Congress authorized the Paycheck Protection Program (PPP), which provided up…

FBAR and FATCA

FBAR What is FBAR FBAR is a report of foreign bank accounts and its sole purpose is to collect data on the balances of foreign bank accounts. Who Has to File an FBAR If you have had $10,000 or more in a foreign bank account, brokerage account, mutual fund, trust or other type of foreign…

CPA New Jersey Identity Theft Image

Identity Theft

Identity theft places a burden on its victims and presents a challenge to businesses, organizations and government agencies, including the IRS. Tax-related identity theft occurs when someone uses your stolen Social Security number to file a tax return claiming a fraudulent refund. Identity thieves often use a legitimate taxpayer’s identity to fraudulently file a tax…