Tax Relief Provided By The CARES Act
Dear Client: We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19 (commonly referred to as the Coronavirus). Along with those paramount health concerns, you may be wondering about some ...
Tax Legislation Regarding COVID-19
Dear Client: Right now, your highest priority is the health of those you love and yourself. But if you have time to read about some non-medical but important matters related to the health crisis, here is ...
Raised Starting Age for Required Distributions
The 2019 SECURE Act raised the age at which those with qualifying retirement plans must begin taking annual required minimum distributions (RMDs) from 70 ½ to 72 years. If you turned 70 ½ in 2019, ...
Additional Guidance on Business Deductions for Meals and Entertainment
The Tax Cuts and Jobs Act (TCJA) of 2017 placed new restrictions on business deductions for meals and entertainment expenses associated with meeting current or potential clients, customers, consultants and other business contacts. In response ...
How to Prevent Identity Theft & Protect Your Private Information
Identity theft is a constant threat in today’s world, and the threat only grows during tax season. As part of its “Taxes + Security = Together” campaign, the IRS recently published a list of recommendations ...
Your Taxpayer Bill of Rights – 10 IRS Rules That Protect You
The US Treasury operates under a Taxpayer Bill of Rights to ensure that the IRS applies and enforces the US Tax Code in a fair, impartial manner. These rights protect you during all your interactions ...
Upcoming Tax Deadlines
March DAY 02 Farmers and Fishermen – File your 2019 income tax return (Form 1040 or Form 1040-SR) and pay any tax due. However, you have until April 15 to file if you paid your 2019 estimated tax by ...