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Philip L. Liberatore, CPA Blog

Lookout for Scams Targeting Your Stimulus Payments

Economic Impact Payments (Aka Stimulus Payments) have been delivered to many Americans via direct deposit and via U.S. Treasury check (starting last week). The Treasury Inspector General for Tax Administration anticipates criminals will engage in various attempts to intercept these payments, and/or steal sensitive taxpayer information. As a reminder, here are some tips to avoid being a … Read More

Employee Retention Credit

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020, is designed to encourage Eligible Employers to keep employees on their payroll, despite experiencing economic hardship related to COVID-19, with an employee retention tax credit (Employee Retention Credit). The IRS released a set of frequently asked questions regarding the Employee … Read More

Paycheck Protection Program

Yesterday, the Treasury Department released details about how small businesses can apply for the Paycheck Protection Program – which provides $349 billion in loans to businesses employing fewer than 500 people. To expedite the process, the loans will have same-day approval. CLICK HERE TO DOWNLOAD THE APPLICATION FORM  Starting April 3, 2020, small businesses and … Read More

Small Business Relief Quick Guide

Options to help small businesses through the Covid-19 Shutdown Small Business Assistance (SBA) Economic Injury Disaster Loan program, there are two programs SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss … Read More

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

On March 27, 2020, the United States Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), aimed at providing financial relief to the American people and American businesses in response to the economic fallout from the fast-developing coronavirus (COVID-19) pandemic. The measure provides direct financial aid to American families, payroll and operating … Read More


As we continue to navigate through the impact of COVID-19, we want you to know that you and your family are our top priority. We pray that you continue to stay safe and healthy. As the situation surrounding COVID‑19 rapidly evolves, we want to keep you informed of all the latest news updates and resources … Continue reading Read More

An Encouraging Message from Phil & Dana Liberatore

As our country continues to fight this pandemic, we want to encourage you with a message from Phil & Dana Liberatore. We truly appreciate you and our thoughts and prayers are with you and your family. Thank you for being the best part of Philip L. Liberatore, CPA. Blessings, Philip L. Liberatore, CPA (562) 404-7996 … Read More

Disaster Relief for Business Owners

The world finds itself in an unprecedented time filled with anxiety, stress, and concern. We hope that you and your family are healthy and safe. Thank you for your flexibility and patience as we work together during the COVID-19 pandemic. As the situation surrounding COVID‑19 rapidly evolves, we want to assure you that Philip L. Liberatore, … Read More

New Tax Filing Deadline – July 15, 2020

As our country continue to fight this pandemic, we will continue to update you with pertinent information that may impact you or your business. As part of a growing effort to stem the financial pain from the coronavirus pandemic the IRS is extending the federal income tax filing deadline to July 15th without incurring penalties or interest. … Read More

Did You Pay Tax on Home Mortgage Debt Relief in 2018? You May Be Entitled to a Refund

Article Highlights: Appropriations Act of 2020 Cancellation-of-Debt (COD) Income Retroactively Extended Special Exclusion Home Affordable Modification Program (HAMP) Amended Return On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including retroactively extending certain tax provisions that expired after 2017 or were about … Read More




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