From the FI Tax Guy
How do you pass your family’s house to your children? It’s a pressing question and involves significant tax, legal, and emotional considerations. Unfortunately, it is a topic about which there is much confusion.
This…
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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 everyday responsibilities. With all of the hustle and bustle, you realize that the October 15th tax extension…
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From Accounting Today
Between the upcoming presidential election and the COVID-19 pandemic and its attendant stimulus packages, this year has seen more than its share of uncertainty around tax — which makes helping clients…
From the Oregon Society of Certified Public Accountants
WASHINGTON — Victims of the Oregon wildfires and straight-line winds that began on Sept. 7 now have until Jan. 15, 2021 to file various individual and business tax returns…
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Article Highlights:
October 15 extended due date for filing federal individual tax returns for 2019.
Late-filing penalty.
Interest on tax due.
Other October 15 deadlines.
Because of the COVID-19 pandemic emergency, the IRS…
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Article Highlights:
$500 Per Child Stimulus Payment
Non-Filer Tool
Those Who Have Already Used the Non-Filer Tool
Those Who Haven’t Used Non-Filer Tool
How Payment Will be Made
Get My Payment Tool
Non-Filers
The…
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Ever since the coronavirus pandemic began impacting the United States, businesses around the country have responded by instituting work-from-home policies. While it is unclear how much longer the nation will be in the grips of the crisis, social…
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To our valued clients:
The US Small Business Administration and Treasury recently issued an interim final rule clarifying Paycheck Protection Program forgiveness issues surrounding owner-employee compensation and the eligibility of rent…
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Regardless of the type of business you're running, it's safe to say that you've likely already been impacted by the ongoing COVID-19 pandemic that is making its way across the globe. With no complete end to the situation in sight, many have…
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IRS Extends the Opportunity to Defer Capital Gains
Article Highlights:
Tax Benefits
Investment Period
Qualified Opportunity Zone Funds
Qualified Opportunity Zones
Deferral Period
10 Year Election
As part of tax reform…
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Transferring a Primary Residence to Children
2020 Tax Laws, Financial Planning, Gift Tax, Inheritance, Tax TipsWhat Happens if I Missed the October 15th Tax Extension Deadline?
Tax Planning, Tax Tips, TaxesTop 10 year-end tax planning tips
2020 Tax Laws, Accounting, Tax Planning, Tax TipsIRS Provides Tax Relief for Victims of Oregon Wildfires
2020 Due Dates, 2020 Stimulus Package, 2020 Tax Laws, COVID-19, OregonOctober’s Extended Due Date Is Fast Approaching
2020 Due Dates, 2020 Tax LawsIndividuals Have a New Opportunity to Receive $500 Economic Impact Payments for Their Children
2020 Stimulus Package, COVID-19, Tax NewsHow States are Reshaping Nexus Laws for Remote Employees Due to COVID-19
COVID-19, Tax News, Tax Planning, Tax Tips, TaxesPPP Interim Final Ruling Summary
2020 Stimulus Package, 2020 Tax Laws, Paycheck Protection ProgramWealth Transition and Succession Planning: Best Practices for Businesses During COVID-19
COVID-19, Personal Finance, Small Business, Succession Planning, Tax PlanningIRS Extends the Opportunity to Defer Capital Gains
2020 Due Dates, 2020 Stimulus Package, 2020 Tax Laws, Capital Gains, COVID-19