by | Feb 12, 2021 | Tax Tips and News
It won’t be long before the Internal Revenue Service opens its gates and the filing season will be officially underway. In the meantime, though, there’s enough work to keep us all busy. That starts with taxpayers, who, if they haven’t done so already, should be...
by | Feb 11, 2021 | Tax Tips and News
Taxpayers may be aware that the Families First Coronavirus Response Act (FFCRA) includes a refundable tax credit for eligible employers who provide COVID-related sick and family leave. What some might not know is that this credit is also available for self-employed...
by | Feb 9, 2021 | Tax Tips and News
The Internal Revenue Service is reminding taxpayers that the best tax professionals are those who always sign the returns they’ve prepared. These so-called “ghost preparers” refuse to sign the returns they prepare—whether physically or digitally—getting...
by | Feb 7, 2021 | Tax Tips and News
Since the coronavirus pandemic began, we’ve heard a lot about front-line health care workers and their risks. Now, we’ve come to know that teachers face risks of their own. To help mitigate those risks, eligible educators can now deduct their unreimbursed expenses for...
by | Feb 5, 2021 | Tax Tips and News
Thanks to recent legislation, U.S. corporations can deduct up to 100% of their contributions to relief effort for a qualified disaster. They are also getting a break on how they have to document it. The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTRA)...
