Tax Liability Relief for ‘Innocent Spouses’
If you file a joint tax return with your spouse, you should be aware of your individual liability. And if you are getting divorced, you should know there may be
If you file a joint tax return with your spouse, you should be aware of your individual liability. And if you are getting divorced, you should know there may be
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2020. Keep in mind that this list is not all-inclusive, so there
COVID-19 has changed our lives in many ways, and some of the changes have tax implications. Here is basic information about two common situations. Working From Home Many employees have
The business use of websites is widespread. But surprisingly, the IRS has not yet issued formal guidance on when Internet website costs can be deducted. Fortunately, established rules that generally
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 and Jobs
You are probably aware of the 100 percent bonus depreciation tax break that is available for a wide range of qualifying property. Here are five important points to be aware
Despite the COVID-19 pandemic, students are going back to school this fall, either remotely, in-person, or under a hybrid schedule. In any event, parents may be eligible for certain tax
The IRS has provided guidance to employers regarding the recent presidential action to allow employers to defer the withholding, deposit, and payment of certain payroll tax obligations. The three-page guidance
Despite the COVID-19 pandemic, the National Association of Realtors (NAR) reports that existing home sales and prices are up nationwide, compared with last year. One of the reasons is the
On August 8, President Trump signed four executive actions, including a Presidential Memorandum to defer the employee’s portion of Social Security taxes for some people. These actions were taken in