Individual Tax Return Preparation for 2021
Due to the enactment of legislation to offset the economic burden wrought by COVID-19, there is a lot to consider when reviewing year-end tax planning
Scott Newsom
December 29, 2021
Due to the enactment of legislation to offset the economic burden wrought by COVID-19, there is a lot to consider when reviewing year-end tax planning
Depreciation Deductions Among the many changes made by the CARES Act, the one which may have the most impact is the correction of a technical error
Effect of CARES Act Rebate on Your 2020 Tax Return Under the CARES Act, individuals with income under a certain level are entitled to a recovery rebate tax
The Department of Treasury and Internal Revenue Service issued guidance (August 28, 2020) implementing the Presidential Memorandum issued on August 8, 2020, allowing employers to defer withholding
On August 8, 2020, President Trump signed four executive actions which the Administration said will assist individuals and businesses suffering as a result of economic
The Small Business Administration an interim final rule that clarifies the amount of compensation that self-employed individuals are eligible to have forgiven. The SBA also
As you may know, the initial rollout of the program was rocky and some provisions of the program were criticized by businesses as not doing
In January, the IRS issued eagerly anticipated guidance on the qualified business income (QBI) deduction under Code Sec. 199A in final regulations, proposed regulations, and
As you may know, TCJA significantly increased the standard deduction for all taxpayers. This means that many individuals who previously received a tax benefit by
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