Mar 31, 2020 | Individual Tax
A new law signed by President Trump on March 27 provides a variety of tax and financial relief measures to help Americans during the coronavirus (COVID-19) pandemic. This article explains some of the tax relief for individuals in the Coronavirus Aid, Relief, and...
Mar 26, 2020 | Individual Tax
Taxpayers now have more time to file their tax returns and pay any tax owed because of the coronavirus (COVID-19) pandemic. The Treasury Department and IRS announced that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15,...
Mar 19, 2020 | Accounting & Audit, Individual Tax, Small Business Tax, Uncategorized
UPDATE: For the immediate future, we are suspending any visitors coming into our office. While our office will remain open for operations, we are asking that documents are uploaded or mailed to us. Please, remember regular email is not secure, so refrain from emailing...
Mar 19, 2020 | Individual Tax
If you have a life insurance policy, you probably want to make sure that the life insurance benefits your family will receive after your death won’t be included in your estate. That way, the benefits won’t be subject to the federal estate tax. Under the estate tax...
Mar 13, 2020 | Individual Tax
If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2019 gift tax return. And in some cases, even if it’s not required to file one, it may be beneficial to do so anyway. Who...
Mar 7, 2020 | Individual Tax
If you own a home, the interest you pay on your home mortgage may provide a tax break. However, many people believe that any interest paid on their home mortgage loans and home equity loans is deductible. Unfortunately, that’s not true. First, keep in mind that you...
