Election years often lead to uncertainty for businesses, but 2020 is unlike any other when it comes to unpredictability. Amid the chaos of the COVID-19 pandemic, the resulting economic downturn
If you recently launched a business, you may want to set up a tax-favored retirement plan for yourself and your employees. There are several types of qualified plans that are
When a couple is going through a divorce, taxes are probably not foremost in their minds. However, without proper planning and advice, some people find divorce to be an even
Are you wondering if the passive activity loss rules affect business ventures you are engaged in or might engage in? If the ventures are passive activities, the passive activity loss
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 to the
Do you buy or lease computer software to use in your business? Do you develop computer software for use in your business or for sale or lease to others? Then
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 tax. Before 2011, a much
IRS audit rates are historically low, according to the latest data, but that is little consolation if your return is among those selected to be examined. But with proper preparation
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
As you are probably aware, President Trump signed an executive memorandum on August 8 creating a payroll tax deferral. The development has brought with it much uncertainty regarding administrative compliance
