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Tax Resolution

Newly-Passed Restaurant Revitalization Fund and Restaurant Tax Relief Strategies

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Read this article posted on AP News Restaurant Revitalization Fund and Grants Along with small and medium enterprises, the restaurant industry has also been severely impacted by the pandemic. However, the government is trying to ensure that tax relief is provided to help the restaurant industry. This has been effectively encapsulated in the Restaurant Revitalization […]

Small Business Owners Must Create Strategies To Maximize Tax Benefit from New PPP Loans & Other New Tax Provisions

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James Cha, CTRS, highlights the need for strategies to maximize tax-favored benefits utilizing newly enacted PPP Loans in the Consolidated Appropriations Act. LOS ANGELES, CA, USA, December 26, 2020 — James Cha, a CPA and a Certified Tax Resolution Specialist from Ace Plus Tax Resolution, highlights the need for a strategy utilizing a newly enacted PPP […]

Tax Extension Due Date is Over—Why Non-Filers Should Still File Even If It’s Impossible to Pay Off

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The IRS has started again to send the collection notices to taxpayers from late October. These notices were paused due to COVID-19.  Now, the IRS’s mail backlog is caught up enough to enforce non-payments, and they will start levy, lien, and other threatening collection activities. Before the pandemic, there were about 15 million taxpayers in […]