Category Archives: Blog

The economic impact of the novel coronavirus (COVID-19) is unprecedented and many taxpayers with student loans have been hard hit. The Coronavirus Aid, Relief and Economic Security (CARES) Act contains some assistance to borrowers with federal student loans. Notably, federal loans were automatically placed in an administrative forbearance, which allows borrowers to temporarily stop making…

Nearly everyone has heard about the Economic Impact Payments (EIPs) that the federal government is sending to help mitigate the effects of the coronavirus (COVID-19) pandemic. The IRS reports that in the first four weeks of the program, 130 million individuals received payments worth more than $200 billion. However, some people are still waiting for…

Our experienced accountants at Malloy, Montague, Karnowski, Radosevich & Co., P.A. provide tax filing preparation services to help businesses/individuals reduce taxes and maximize refunds.   But unfortunately, every year, the Internal Revenue Service pays out billions in refunds to identity thieves who file fake returns.  It’s the #1 fraud according to the IRS.    How does…

We have all been inundated with new information from everywhere as we adjust to the current situation surrounding COVID-19. It has been increasingly difficult to stay on top of every policy change taking place as Congress reacts to the pandemic with the goal of providing relief to both employers and employees. This overview is meant…