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 …
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 …
Gift Tax Return Deadline Approaching
Most people have April 15 “tattooed on the brain” as the deadline for filing their federal income tax returns. What you may forget is that the gift tax return deadline …
Gig Workers – Know Your Tax Responsibilities
Let’s say you drive for a ride-sharing app, deliver groceries ordered online, or perform freelance home repairs booked via a mobile device. If you do one of these jobs or …