Golbar & Associates, LLP

There seems to be a delay in starting the tax filing season. Chuck Rettig, who now heads the IRS, is an old acquaintance and mentions that apparently there are a lot of old tax returns from 2019 that are not yet processed! This is going to be an unusual tax season. Stay safe my friends and don’t forget to send love to your CPAs regularly!

So what’s the future of inflation and interest rates? Both are starting to go up. So what does that do to the real estate market? The chances are real estate wi...ll keep going higher until interest-rate gets high enough, then the real estate would start falling. Solution? Maybe buy real estate with long-term interest locked in. Have a healthy and successful year ahead. With love. Ashton. See more

Pre-corona days at work in March several years ago.

Absolutely brilliant video on how we are going through a transfer of power. And I am not talking about presidency. Clear discussion on how riots allow for land grab through purposely diminishing prices in opportunity zone areas. Allowing gains to avoid taxation. Robotics Vs Humans. ... Back to human slavery? A different civilization being created? And many more topics worth questioning. Absolutely brilliant. A must watch!

PPP loans will not be included as taxable income. Expenses paid with the proceeds of a PPP loan that is forgiven are now tax-deductible. This covers not only new loans but also existing and prior PPP loans, reversing previous guidance from the Treasury and IRS, which did not allow deductions on expenses paid for with PPP proceeds. In addition, any income tax basis increase that results from the borrower's PPP loan will remain even if the PPP loan is forgiven.

Words from a special someone we lost today. What a true gentleman. You might want to read his comments on this post of his. He had the skill set to size a person up and then lift them up spiritually, all in one sitting. Rest In Peace Sam Bakhtiar. I will miss talking with you and to hear your ever positive tone. Ashton Golbar

Happy holidays to all from all of us at GAA!