Tax Law Updates — News + Notes — Deborah Morgan and Company, Inc.

Deborah Morgan and Company, Inc. has been helping entrepreneurs, business owners, non-profits and individuals like you grow and prosper for more than 25 years. We specialize in helping you achieve the long-term growth you seek, and we pride ourselves on our uniquely proactive approach to both defining and fulfilling the individual needs of each and every one of our clients

All in Tax Law Updates

Mar 2
Mar 2 Tax Deductions Without Itemizing

Tax Tips, Tax Law Updates, Business Owners

There are many tax deductions that can be claimed without having to itemize your returns. Read more to find out if you can apply some of these tax-saving strategies.

Jul 14
Jul 14 Loan Application Period for the Paycheck Protection Program Extended

Covid-19 Updates, Business Owners, Tax Law Updates, PPP / SBAD

If you missed the opportunity to apply for a Paycheck Protection Program (PPP) loan before the program expired at the end of June, you have another chance.

Jul 7
Jul 7 The July 15th Deadline Is Fast Approaching, and it Isn’t Just for the 2019 Individual Tax Return

Tax Tip Tuesday, Tax Law Updates

Stay on top of what’s due July 15th.

May 15
May 15 Not All PPP “Forgivable” Loans Will be Forgiving

Business Owners, Covid-19 Updates, Debt, Tax Law Updates

The federal government has recently taken steps to protect small business owners. Though the PPP loans are forgivable, the requirements are not as broad as borrowers originally thought.

May 11
May 11 IRS Guidance: PPP Loan Expenses Not Tax-Deductible

Business Owners, Accounting, Covid-19 Updates, Tax Law Updates

On April 30th, the IRS released guidance announcing that expenses related to Paycheck Protection Program (PPP) forgivable loans will not be tax-deductible.

May 7
May 7 When Will I Get My Stimulus Check?

Victoria Swarthout

Covid-19 Updates, Dependents, Tax Law Updates, Tax Tips

The IRS has already sent out 80 million stimulus payments to taxpayers that included their direct deposit information on their most recently filed 2019 or 2018 return.

Apr 23
Apr 23 IRS Provides Online Tools for Recovery Rebates

Covid-19 Updates, Dependents, Marriage and Family, Money Management, Tax Terms, Tax Law Updates

A new IRS online tool allows you to track your stimulus payment, update address information, submit non-filer’s direct deposit information, and more.

Apr 22
Apr 22 Paycheck Protection Program (PPP) Information Sheet: Borrowers

Covid-19 Updates, Business Owners, Debt, Tax Law Updates

In the face of growing COVID-19 pandemic, Congress has passed the Paycheck Protection Program, a $349 billion effort to support small businesses

Apr 22
Apr 22 Rebates Are Finally Flowing- Did You Get Yours?

Marriage and Family, Money Management, Tax Law Updates, Tax Terms, Tax Tips, Covid-19 Updates

The IRS has started making the much anticipated Economic Impact Payments, or stimulus checks.

TAX TIP TUESDAY: IRA Contribution Limits

Jul 26

Jul 26 TAX TIP TUESDAY: IRA Contribution Limits

Victoria Swarthout

Retirement Planning, Tax Law Updates, Tax Tip Tuesday

For the first time in six years, limits for IRAs have risen.

Apr 16
Apr 16 Private Agencies Now Collecting for The IRS

Victoria Swarthout

Tax Law Updates, Tax Tip Tuesday

The IRS recently notified all taxpayers regarding the outside collection of past-due tax bills.

TAX TIP TUESDAY: Tax Strategies for Homeowners

Apr 4

Apr 4 TAX TIP TUESDAY: Tax Strategies for Homeowners

Victoria Swarthout

Homeowners, Tax Tip Tuesday, Tax Law Updates

Buying or selling a home? It's important to be aware of potential tax benefits and pitfalls.