Many Americans receive disability income. You may wonder if, and how, this income is taxed. As is often the case with tax questions, the answer is … it
Unfortunately, the COVID-19 pandemic has forced many businesses to shut down. If this is your situation, we’re here to assist you in any way we can, including taking
If you started a business recently, you may want to set up a tax-favored retirement plan for yourself and your employees. Several types of qualified plans are eligible
If your small business is planning for payroll next year, be aware the “Social Security wage base” is increasing next year. The Social Security Administration recently announced that
If you invest in mutual funds, be aware of some potential pitfalls involved in buying and selling shares. Surprise sales You may already have made taxable “sales” of
If you file a joint tax return with your spouse, you should be aware of your individual liability. And if you’re getting divorced, you should know there may
Are you wondering if the passive activity loss rules affect business ventures you’re engaged in — or might engage in? If the ventures are passive activities, the passive
October 15 is the deadline for individual taxpayers who extended their 2019 tax returns. (The original April 15 filing deadline was extended this year to July 15 due
IRS audit rates are at an historical low, but that’s little consolation if your return is among those selected to be examined. However, with proper preparation and planning,
As a result of the current estate tax exemption amount ($11.58 million in 2020), many estates no longer need to be concerned with federal estate taxes. Before 2011,
Does your business buy or lease computer software? Do you develop computer software for use in your business, or for sale or lease to others? If so, you
In some cases, investors have significant related expenses, such as the cost of subscriptions to financial periodicals and clerical expenses. Are they tax deductible? Under the Tax Cut
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