Tax Warrior Chronicles

PPP Update #2 - Paycheck Protection Loan Application and Guidance Released by SBA/Treasury

Posted on Wed, Apr 01, 2020

As guidance in this area is being released regularly, we recommend you read all of our blogs on this subject.  All the blogs in the Paycheck Protection Program series are here: Updates #1, #2#3#4#5#6#7,#8,#9,#10,#11,#12,#13,#14,#15#16#17,#18,#19, #20, #21, #22, #23

 

To say things are moving quickly relative to the CARES Act Paycheck Protection Program would be an understatement.  Within hours of issuing our blog summarizing the law yesterday, both the Treasury Department and Small Business Administration issued additional guidance and a sample loan application.

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Millennial Series Part IX:  Keys to Consolidating Debt

Posted on Mon, Oct 30, 2017

By: Cecilia Fernandes

 

The millennial generation has a crippling amount of long-term debt. Studies show at least two-thirds have one source of long-term debt and one-third have at least two forms of long-term debt. The majority of this debt comes from student loans. A close second is credit card debt. In this post, The Tax Warriors share tips about reigning in and consolidating debt.

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S Corp Shareholders Not Entitled to Basis for Guaranteeing Corporation Loans

Posted on Tue, Oct 29, 2013

There was a recent Tax Court Memorandum (T.C. Memo 2013-151) addressing S Corporation basis limitation (issue #2) of S-Corporation owners.

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