Money Talks: The Blog of Morris+D'Angelo
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13 Apr
1040 Tax Breaks, CARES Act, Charitable Contributions, Coronavirus Aid, Economic Security Act, IRS Schedule A, Payroll Tax Deferral Repayment, Relief, Tax Deduction

New Stimulus Law Grants Eight Tax Breaks for 1040 Filers

The new, massive stimulus bill enacted into law on December 27, 2020, contains eight new tax breaks designed to help the non-business taxpayer. more
6 Apr
California, California Employers, California Paid Sick Leave, COVID-19 Supplemental Paid Sick Leave, Governor Newsom, Paid Sick Leave, Supplemental Paid Sick Leave

New COVID-19 Supplemental Paid Sick Leave is a New Requirement as of March 29, 2021, for California Employers

In California starting March 29, 2021, by Senate Bill 95, signed by Governor Newsom on March 19, 2021 (California Supplemental COVID-19-related Paid Sick Leave, ... more
30 Mar
401(k), Employer Contributions, Net Worth, Retirement, Self-Employment, SEP-IRA, Sole Proprietorship, Solo 401(k), Tax Deductions, Tax-Deferred

SEP-IRA vs. Solo 401(k): Which Should You Choose?

How do you multiply your net worth? Let the government help Here’s how: with both the SEP-IRA and the Solo 401(k) retirement plans, investing in your tax-favored retirement: more
23 Mar
Cares Act, Coronavirus Aid, Covid-19 Tax Relief, Crd, Tax Relief, Tax Relief Measures

Update: COVID-19 Tax Relief Measures after the New Law

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) made many temporary changes in the tax law. The new Consolidated Appropriations Act (CAA) ... more
15 Mar
Income Taxes, Tax Economics, Tax Literacy, Tax Rate, Tax Revenue, Taxes

Tax Economics: What You Should Know and Why You Should Care

Taxes impact each of us. Each of us differently. Tax is the polite term for paying for rendered services and tax authorities seek ways to extract the most from ... more
11 Mar
Capital Assets, Capital Gains Tax, Economics of Taxation, Governor Jay Inslee, Seattle, Taxpayer Relief Account, Washington State

And Soon, There May Only Be Eight…States Without an Income Tax

Washington State is on the verge of joining Oregon, California, and 40 other states by implementing a Capital Gains Tax. Washington State Income Tax proposals have ... more
9 Mar
Death Certificates, Estate Planning Lawyer, High-End Home, Investment Accounts, Life Insurance Policies, Probate, Real Estate, Retirement Accounts, Revocable Trust, Safe-Deposit Boxes

Handling Key Non-Tax Financial Issues When a Loved One Passes Away (Part 3 of 3)

Over the last couple of weeks, I’ve discussed and published some suggestions on how you might proceed when a financially comfortable loved one has passed away and what you might do to prepare toward preserving your Estate or your duties as an Executor. more
2 Mar
Decedent, Executor, Executor’s Role, Grantor Trust, Living Trusts, Required Minimum Distribution, RMD Rules, Surviving Spouse, Survivorship, Tax Considerations, Tax Planning

Tax Considerations When a Loved One Passes Away (Part 2 of 3)

If you become an executor of your loved one’s estate, you may have some important tax decisions to make. Here are some quick thoughts. The now-deceased loved one may have been single or married and may have been a relative or not. more
23 Feb
Decendent, Executor, Executor’s Role, Grantor Trust, Living Trusts, Required Minimum Distribution, RMD Rules, Surviving Spouse, Survivorship, Tax Considerations, Tax Planning

Tax Considerations When a Loved One Passes Away (Part 1 of 3)

During these challenging times dealing with COVID-19 and the additional challenges economic and otherwise it brings, if a loved one passes away and you serve as the executor or inherit assets, you need to consider your duties and so some tax planning. more
16 Feb
COVID Grants, COVID-19 Government Grants, Economic Injury Disaster Loan, EIDL, Low-Interest EIDL, Paycheck Protection Program, PPP, PPP Loan, SBA, Small Business Administration

New Laws—COVID-19-Related Government Grants: Taxable or Not?

In an effort to stave off economic devastation caused by the COVID-19 pandemic, billions of dollars in grants are being handed out to individuals and businesses by the federal government. State and local governments are participating as well. more
9 Feb
Paycheck Protection Program, PPP, PPP Money, Second-Draw PPP Loan, Tax-Free PPP Money

Round 2: Additional Tax-Free PPP Money for You?

Is it “Tax-Free Money” or is it a “Loan” Did you receive money from a lender under the existing Paycheck Protection Program (PPP)? If so, you may qualify for more tax-free money. But first, let’s clarify what’s happening. When you think of the PPP program, do you think “Tax-Free Money” or do you think “Loan”? more
2 Feb
Coronavirus Aid, COVID Tax Relief Act of 2020, Federal Forgiveness Rules, Loan Proceeds, Paycheck Protection Program, PPP, PPP Loan

Good News: There are New Paycheck Protection Program (PPP) Forgiveness Rules for Past, Current, and New PPP Money

The new Paycheck Protection Program (PPP) law enacted with the recent stimulus package adds dollars to your pockets if you have or had PPP money. If you are going to apply for PPP money for the first time, the favorable rules in this article apply to your newfound tax-free money. more
3 Dec
0 Percent Capital Gains, and Family, Kids, Married Couple, Mortgage Deductions, Tax Bracket, Tax Strategies for Marriage

2020 Last-Minute Year-End Tax Strategies for Marriage, Kids, and Family

If you have children under the age of 18 and you file your business tax return as a proprietorship or partnership, you can find big savings in the work your ... more
1 Dec

2020 Last-Minute Year-End Tax Strategies for Your Stock Portfolio

When you take advantage of the tax code’s offset game, your Stock Market Portfolio can represent a little gold mine of opportunities to reduce your 2020 income ... more
29 Nov

2020 Last-Minute Year-End Tax Deductions for Existing Vehicles

It's the last week in November 2020 and it’s time to examine your existing Business and Personal (yes, Personal) Cars, SUVs, Trucks, and Vans for some profitable ... more
27 Nov

2020 Last-Minute Year-End Medical Plan Strategies

All small-business owners with one to 49 employees should have a medical plan in their business. Sure, the tax law does not require you to have a plan, but you ... more
25 Nov

2020 Last-Minute Year-End Retirement Deductions

Your Retirement Clock continues to tick; all of a sudden, your retirement is one year closer. You have time before December 31, 2020, to take steps that will ... more
23 Nov

2020 Last-Minute Section 199A Tax Reduction Strategies

As a Business Owner, U.S. Tax Deductions are always welcome. But remember, deductions aren’t static. Allowable U.S. Tax Deductions change over time, and some go ... more
21 Nov

2020 Last-Minute Vehicle Purchases to Save on Taxes

Here’s an easy question: Do you need more 2020 Tax Deductions? If yes, please read on. Next easy question: Do you need a replacement Business Vehicle? If ... more
19 Nov

2020 Last-Minute Year-End General Business Income Tax Deductions

The purpose of this guidance (along with the near term future articles to be published in the next few days) is to assist our customers and friends pay less tax in ... more
17 Nov

The Best Way to Reduce Your 2020 Income Taxes is with Year-End Tax Planning

We can demonstrate there is water but if they are neither thirsty nor self-reliant then they will die of thirst while surrounded by abundant lakes, streams, rivers, ... more
3 Nov
After-Tax Cash Flow, Donald Trump, Election 2020, Joe Biden, Opportunity Zones, Taxation, U.S. Election, U.S. Taxes, Wealth Preservation, Year End 2020

Election 2020: The U. S. Elections are over. Now what?

Currently, in Our Undulating World of Taxation, Now is the Time to Focus on the Ball and Be Nimble. Hopefully, you’ve exercised your choice to vote by now ... more
1 Nov

Estate Planning Summary - Year End 2020

Turning Lemons into Lemonade There is great uncertainty in our country today. Americans are worried about their health and their livelihood. Many businesses are ... more
6 Sep
Biden Tax Plan, Business Income Deduction, Capital Gains Tax Rates –, Democratic Tax Proposals, High Annual Incomes, Joe Biden, Personal Income Tax Rates, Tax Proposals, U.S. Tax Code

U.S. Democratic Presidential Nominee Tax Proposals

On August 20, former United States Vice President Joe Biden formally accepted the Democratic nomination for US President.  However, questions about Biden’s tax ... more
29 Mar
COVID-19 Pandemic, Family Office, Grantor Retained Annuity Trust, GRAT, High Net Worth Families, Wealth Management, Wealth Preservation, Wealth Protection

The Upside of Today

"The Problem is We Keep Making the Same Mistakes" - Yogi Berra Amongst the doom, gloom, and sequestering during our current COVID-19 pandemic are vast opportuni... more
26 Mar
April 15, Federal Income Tax, July 15, Morris + D’Angelo, Steven Geller, Tax Filing Due Date, U.S. Treasury Announcement

The U.S. Treasury Announcement: March 21, 2020

The U.S. Treasury Announcement: The Federal Income Tax Filing Due Date is Automatically Extended from April 15 to July 15 Greetings We hope this finds you ... more
12 Jan
Foreign Business, Foreign Business Requirements, Start a Business in the U.S., State Taxes, United States

Happy New Year! Morris + D’Angelo Celebrating 25-Years and a New Decade Providing High-Level Financial Services Preserving Multi-Generational Family Wealth

Morris + D’Angelo provides assistance for people who are considering global expansion, most commonly into the United States. Morris + D’Angelo is a boutique ... more
23 Sep
Foreign Business, Foreign Business Requirements, Start a Business in the U.S., State Taxes, United States

So You Want to Start a Business in the United States of America?

I’m about to embark across the “Pond” to present at the IAPA International conference in Manchester, England regarding “Facilitating International Busines... more
8 Aug
Immigration Law, Passage Immigration, Passage Immigration Law Firm, Portland Oregon

Do You Need Help with an Immigration Concern or Challenge?

Morris + D’Angelo is collaborating with Portland, Oregon Law Firm Passage Immigration Law to provide the latest in Immigration Law News and Solutions Morris+... more
3 Jul
Cannabis, Cannabis Business Opportunities, CBD, Legal Cannabis, Morris + D’Angelo, Regulatory

Encouraged by CBD Business Opportunities; Five Regulatory Cautions

It has become increasingly difficult to ignore the increasing amount of media and press coverage of the growing cannabis (CBD) business opportunities in the market ... more
25 Jun
Gender Stereotypes, New York Times, Headlines, Daniel Morris, CPA, Portland, Oregon, San Jose, California

Regulating Gender Stereotypes

The other day I read this headline from the New York Times; “U.K. Bans Advertisements Depicting Gender Stereotypes” and just like that, I became a victim of ... more
15 May
2019 Congress, Cryptocurrency Requirements, High-Wealth Customers, Joseph McCaffrey, Marketing, Morris + D’Angelo, Portland Oregon

We Urge The IRS to Provide Better Guidance on Cryptocurrency Rules

Following an explosive 2017, many of the cryptocurrencies we are commonly familiar with reached their all-time peak values in January of 2018 before the market took ... more
8 Mar
Morris + D’Angelo, Guatemala, Portland Oregon, Brian Dazey, Central America, Marketing, High-Wealth Customers

What does helping people in Guatemala have to do with accounting in Portland, Oregon?

What does helping people in Guatemala have to do with accounting in Portland, Oregon? The answer is NOTHING! So, why would my employer Morris + D’Angelo ... more
23 Aug
Bitcoin, Cryptocurrencies, Digital Currencies, IRS, Tax Liability

The IRS and Cryptocurrency Transactions

Both digital currencies and cryptocurrencies have been around for several years (Bitcoin since 2009), but only in the past couple of years has the IRS begun to ... more
19 Aug
Family Advise, Family Business, Family-Based Enterprises

Family Advise: Dynamic Change in Family Businesses

The challenges family businesses have of providing effective tax and business advice to entrepreneurial and family-based enterprises Family challenges are ... more
11 Aug
Business Rules, Chaos, Political Nomenclature

Rules Today Mean an Understanding of Political Nomenclature

In the modern business-world, anticipating the future requires an understanding of political nomenclature and chaos. The world recently changed for many ... more
11 Aug
Competitive Intelligence, Espionage, Foreign Spy, Industrial Espionage

Espionage: Competitive Intelligence

Foreign interference of our elections reminds me of cigarette package warnings; expressly described and consciously ignored by its users and adopters. I have ... more
7 Aug
Company Belief, Customers

Our Customers Believe in What We Believe

Seldom do our Customers hire us because of what we do or how we do it At Morris+D'Angelo, We look for Customers that fit within our “Why” At Morris + ... more
2 Aug

Are You Prepared for Changes in 2018 Sales Tax Legislation?

Legislation on State Economic Nexus: What is subject to sales and use tax U.S. Supreme Court Decision: South Dakota vs. Wayfair Big changes are on the ... more
26 Jul
Real Estate Exchange, Steven Geller

Real Estate Sales: To Exchange or Not to Exchange

With the anticipation of rising interest rates, sky-rocketing oil prices, volatile markets, and political forces impacting the real estate markets, the frenzy to ... more