2021 – 03/16

The IRS is asking individuals who received unemployment benefits in 2020 and have already filed their 2020 tax returns, not […]

As tax season kicks off on Feb. 12, 2021, the IRS wants to remind taxpayers of some points they might […]

Do you receive a refundable Health Coverage Tax Credit (HCTC)? This credit is for a part of the premiums paid […]

The IRS is opening the 2020 individual income tax return filing season on Feb. 12. (This is later than in […]

COVID-19 has caused widespread furloughs and layoffs. Fortunately, employers that keep workers on their payrolls are eligible for a refundable […]

Businesses that generally report payments to workers on Forms 1099-MISC will need to adapt. Beginning with the 2020 tax year, […]

If you’re self-employed and don’t have paycheck withholding, you probably have to make estimated tax payments. These payments must be […]

The Section 179 deduction provides a tax benefit to businesses, enabling them to claim immediate deductions for qualified assets, instead […]

Many employees save taxes by placing funds in their employer’s health or dependent care flexible spending arrangements (FSAs). It’s a […]

The Setting Every Community Up for Retirement Enhancement Act (SECURE Act) increased the maximum amount of an employee’s compensation, from […]

The IRS has offered clarification on the interaction of the COVID-19-related Employer Retention Credit (ERC) in acquisitions. Under the law, […]

The IRS has provided a safe harbor for deducting expenses if a Paycheck Protection Program (PPP) loan isn’t forgiven. The […]

Business owners know employee health care benefits are expensive. Therefore, your business may want to provide some of these benefits […]

Can you help your tax situation if you donate to charity by Dec. 31? Whether you’re supporting natural disaster recovery, […]

The IRS will issue SALT deduction regs for pass-through entities. The regs will clarify that specified income tax payments are […]