Are Scholarships Tax-Free Or Taxable?
COVID-19 is changing the landscape for many schools this fall. While many children and young adults are going back, even if it is just for online learning, some parents will
COVID-19 is changing the landscape for many schools this fall. While many children and young adults are going back, even if it is just for online learning, some parents will
The extended federal income tax deadline is coming up fast. As you know, the IRS postponed until July 15 the payment and filing deadlines that otherwise would have fallen on
The tax filing deadline for 2019 tax returns has been extended until July 15 this year, due to the COVID-19 pandemic. After your 2019 tax return has been successfully filed
There is a new IRS form for business taxpayers that pay or receive nonemployee compensation. Beginning with tax year 2020, payers must complete Form 1099-NEC, ‘Nonemployee Compensation,’ to report any
If you operate a small business, or you are starting a new one, you probably know you need to keep records of your income and expenses. In particular, you should
As you may have heard, the Coronavirus Aid, Relief, and Economic Security (CARES) Act allows ‘qualified’ people to take certain ‘coronavirus-related distributions’ from their retirement plans without paying tax. So
The IRS and the U.S. Treasury had disbursed 160.4 million Economic Impact Payments (EIPs) as of May 31, 2020, according to a new report. These are the payments being sent
It is often difficult for married couples to save as much as they need for retirement when one spouse does not work outside the home — perhaps so that spouse
If you are age 65 and older, and you have basic Medicare insurance, you may need to pay additional premiums to get the level of coverage you want. The premiums
The IRS recently issued another notice extending tax deadlines because of the COVID-19 pandemic. Notice 2020-35 supplements IRS Notice 2020-23 and earlier guidance by extending the deadlines for certain additional