Remember Your 2019 Tax Return
Earlier this year, in response to the novel coronavirus (COVID-19) crisis, the IRS postponed numerous federal tax filing and payment deadlines. If you took advantage of the extra time, it’s …
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Net Operating Rules for Small Business Owners
When a trade or business’s deductible expenses exceed its income, a net operating loss (NOL) generally occurs. When filing your 2019 income tax return, you might find that your business …
Tax Filing Marriage Penalty
One byproduct of the Internal Revenue Code is that the tax liability of married couples who file jointly may be more than their combined tax liabilities would be as single …
Is Your Passport at Risk?
A large unpaid tax bill could put your passport at risk Most Americans aren’t using their passports right now. But it’s still important to remember that, if the IRS certifies …
Retirement Benefit With a Twist
Most everyone has heard of a 401(k) plan, and a sizable number of adults likely have at least a passing familiarity with the Roth IRA. What remains less well known …