IRS doubles down on nondeductibility of PPP-funded expenses
In guidance issued on Wednesday, November 18, IRS reiterated its position that taxpayers cannot claim a deduction for any otherwise...
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Nov 19, 20202 min read
IRS Announces Help with Tax Debt
The IRS recently announced a new program, the Taxpayer Relief Initiative, to help taxpayers who are unable to pay their taxes because of...
Nov 17, 20201 min read
Maximizing Education Credits
An education credit helps with the cost of higher education by reducing the amount of tax owed on your tax return. If the credit reduces...
Nov 6, 20203 min read
IRS Extends the Opportunity to Defer Capital Gains
As part of tax reform put into place a couple of years ago, individuals are able to defer both short- and long-term capital gains into...
Nov 4, 20203 min read
What Happens if I Missed the October 15th Tax Extension Deadline?
We’ve all been there. Life is super busy. We have to take care of our families and friends, work obligations, and all our other...
Nov 2, 20204 min read
Tax Law Changes Allow Year-End Charitable Planning Opportunities
As the end of the tax year approaches, it is worth spending a few minutes reviewing some of the changes that have been made in the tax...
Oct 31, 20206 min read
Don’t Miss Out on Year-End Tax-Planning Opportunities
2020 has given rise to more than the usual tax-planning opportunities.
Oct 22, 20202 min read
Do You Know Unemployment Benefits Are Taxable?
In many cases, workers are receiving unemployment benefits for the first time in their lives...
Oct 14, 20204 min read
Tax Consequences of Losing Your Job
If you have lost your job, there are a number of tax issues you may encounter.
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