New Relief Law:  Employee Retention Credit  As the health crisis rages on, our lawmakers have rolled out the 2021 Consolidated Appropriations Act in hopes of providing more aid and keep small businesses afloat as the country tries to further stabilize.  This new financial relief law provi...

The Internal Revenue Service took a break from collections and examinations during the spring of 2020 in response to the COVID-19 pandemic, but as of July 15, 2020 all agents are back at work and aggressively making up for lost time.  New audit targets have been identified and taxpayers can ex...

Late last week, the Small Business Administration (SBA) released the application which borrowers of the Paycheck Protection Program (PPP) loan need to use in order to determine the amount of their loan that may be forgiven by their lender.  The application can be completely filled out onli...

CARES Act & Paycheck Protection Program  The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is a stimulus bill aimed at providing relief to employers and individuals affected by the coronavirus pandemic (COVID-19).  Among the gamut of loan options under the new ...

Tax Aspects of the Stimulus Package Last week a historic event took place in the U.S.:  a $2 trillion coronavirus (COVID-19) stimulus package was enacted into law.  President Donald Trump signed the relief bundle on March 27, 2020 and citizens are now scrambling to understand ...

Employers are once again bracing themselves for what has become commonly known as the “gig worker bill” and has taken effect as of the start of this new year of 2020.  The intent of the bill is to extend to independent contractors the rights, benefits, and protections which currently a...

This holiday season, the tradition of giving back to our San Diego community continues for Dallo Law Group. This season of giving, we are thrilled to have joined forces with the nonprofit organization, Soldiers' Angels. Year round, we try to remember the service of our veterans and do our bes...

All the members of the Dallo Law Group enthusiastically announce with the greatest delight that our Founder and Principal Attorney, Michael Dallo, has won the title of a 2020 Super Lawyers Rising Star, a title he has earned for the third year in a row. The meticulous se...

Over this past year, taxpayers and tax professionals have been steadily becoming acquainted with the Tax Cuts and Jobs Act (TCJA).  In particular, rental real estate activity has moved under the spotlight with the enactment of these new tax rules and treatments. The looming question remai...

IRS Targets Crypto Investors Naturally, as with any income, crypto transactions have become a keen target for the IRS tax collectors.  Taxpayers have reported receiving a series of IRS “warning letters” going out to people who the agency believes have misreported their income from these exch...