Excess Business Losses Under the CARES Act
The Coronavirus Aid, Relief and Economic Security (CARES) Act made changes to excess business losses. This includes some changes that are retroactive, and there may be opportunities for some businesses
The Coronavirus Aid, Relief and Economic Security (CARES) Act made changes to excess business losses. This includes some changes that are retroactive, and there may be opportunities for some businesses
If you are getting close to retirement, you may wonder: Are my Social Security benefits going to be taxed? If so, how much will you have to pay? It depends
Does your business receive large amounts of cash or cash equivalents? You may be required to submit forms to the IRS to report these transactions. Filing Requirements Each person engaged
Did you recently file your federal tax return and were surprised to find you owed money? You might want to change your withholding so that this does not happen next
During the COVID-19 pandemic, many small businesses are strapped for cash. They may find it beneficial to barter for goods and services instead of paying cash for them. If your
If you are a partner in a business, you may have come across a situation that gave you pause. In a given year, you may be taxed on more partnership
Does your employer provide you with group term life insurance? If so, and if the coverage is higher than $50,000, this employee benefit may create undesirable income tax consequences for
If your business was fortunate enough to receive a Paycheck Protection Program (PPP) loan in connection with the COVID-19 crisis, you should be aware of the potential tax implications. PPP
In the COVID-19 era, many parents are hiring nannies and babysitters because their daycare centers and summer camps have closed. This may result in federal ‘nanny tax’ obligations. Keep in
If you are planning your estate, or you have recently inherited assets, you may be unsure of the ‘cost’ (or ‘basis’) for tax purposes. Fair Market Value Rules Under the