Article Highlights:
Unemployment Benefits Taxability
To Skip or Not Skip the 2020 Required Minimum Distribution
Special Charitable Giving Opportunities
Divorced or Separated Planning Issues
Potential State Health Insurance…
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Article Highlights:
Child Under the Age of 19 or a Student Under the Age of 24
Kiddie Tax
Tax on a Child’s Earned Income
Deduction for the Business
Employment Taxes
IRAs and Retirement Plans
With jobs at a premium during…
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Article Highlights:
New Clever Scammer Scheme
Uses Economic Impact Payments as Bait
The Text Message
How to Report a Scam
How to Correctly Provide Information to Claim a Payment
The IRS has warned taxpayers of a clever scheme…
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Dear friends and clients,
On Wednesday, November 18, the IRS issued further guidance regarding the tax deductibility of business expenses paid with Paycheck Protection Program loan proceeds. The article below published in Forbes.com and…
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Article Highlights:
De Minimis Fringe Benefits
Cash Gifts
Gift Certificates
Group Meals
FICA and Wage Withholding
It is common practice this time of year for employers to give their employees gifts. Where a gift is infrequently…
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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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Don’t Miss Out on Year-End Tax-Planning Opportunities
2020 Stimulus Package, 2020 Tax Laws, Tax Credits, Tax Planning, Tax TipsBig Tax Breaks for Hiring Your Children in the Family Business
Tax Credits, Tax Planning, Tax TipsBeware of New Text Scam Related to Stimulus Payments
COVID-19, Scams, Stimulus PaymentsIRS Clarifies Stance On No Deductibility Of Expenses Paid With PPP Funds
2020 Tax Laws, CARES Act 2020, COVID-19, Paycheck Protection ProgramEmployee Holiday Gifts May Be Taxable
2020 Tax Laws, Gift Tax, Holidays, Tax Planning, TaxesTransferring 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 Laws