If an earthquake brace/bolt retrofit cost $15,000 and I received a $10,000 non-taxable/non-reportable FEMA grant, would my cost basis be the net cost to me $5,0...
Circling back, it turned out that the HEERF Covid emergency payments had no restrictions on how they were used, and the IRS March 31, 2001 memo confirmed that t...
I think you've answered this question already, but I thought I'd throw in our scenario to see if I understood your answer fully.My son (age 21) worked as a bike...
Replying to myself with additional information from the IRS. This appears to be the answer, but I'm not sure I trust it.In a March 30, 2021 bulletin, the IRS wr...
This is still not making sense to me.1. Let's say I receive $600 in HEERF funds, deposited in our bank account.2. School bills me for $2600 tuition and I have $...