Allan Rolnick's (taxcoach) Blog

  This pandemic represents an opportunity for you. Whatever it is that caused your initial problems with the IRS and other taxation authorities … our cultural moment has provided all of us with an opportunity for a “reset” — if we take it. We can all have a long conversation about the virus, the ...

 Memorial Day weekend is fading in the rearview mirror, and we've ventured outside to commemorate those who gave their lives in service to their country. Summer is officially "open for business" as it can be in this year of coronavirus. But there's a lesser-known occasion coming up that the avera...

  Maurice Fayne, did you think you would get away with it? Did you think styling yourself "Arkansas Mo" on a show like VH1's "Love & Hip Hop: Atlanta" made you the kind of guy who can pull a con on the down low? When you borrowed $2,045,800 from the Paycheck Protection Program, did you really th...

 In 1914, Woodrow Wilson signed a proclamation designating the second Sunday in May as Mother's Day. Ever since then, Americans have spent that day destroying Mom's kitchen in the name of breakfast in bed, tramping through her garden in the name of bringing her flowers, and making up for the phon...

So you or your clients got your PPP Loan money - Congratulations...now what? Congress has allocated more than $600 billion to PPP loans, with, maybe, more to come.  Many questions have arisen how businesses should use these funds and account for them to obtain the promised loan forgiveness.  In ...

  American law schools sponsor over 200 law reviews: dense collections of grim, wooden prose, groaning with footnotes. (Chief Justice John Roberts once said "Pick up a copy of any law review that you see, and the first article is likely to be, you know, the influence of Immanuel Kant on evidenti...

 COVID-19 is affecting millions of Americans in all aspects of their life. As of the beginning of May, 1 million Americans tested positive for the disease. A much more striking number is the number of people whose finances have been shred to pieces with the prolonged shutdown and “stay-at-home” o...

  Much like a natural disaster, the coronavirus took the world by storm and forced everyone to seek “shelter at home” and to change their daily habits in an effort to “flatten the curve”. This meant shutting down businesses and within a week, millions of Americans found themselves out of a job. B...

 Life comes at you fast. Two months ago, the Dow was flirting with 30,000, unemployment was at 3.5%, and the economy was looking forward to spring with the rest of us. Today, of course, we've put the economy in a medically-induced coma. People who are trapped at home with cranky partners and chil...

A couple of weeks ago, we wrote about the great toilet paper shortage of 2020. It gave us a great opportunity to indulge in the sort of lowbrow humor that made MAD magazine such a hit with 10-year-old boys. The problem turns out to be simple. Toilet paper makers produce two separate products for ...