Jun.10, 2021
Recordkeeping DOs and DON’Ts for business meal and vehicle expenses
If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases,...
May.17, 2021
Who qualifies for “head of household” tax filing status?
When you file your tax return, you must check one of the following filing statuses: Single, married filing jointly, marr...
May.4, 2021
Did you make donations in 2020? There’s still time to get a deduction
If you’re like many Americans, letters from your favorite charities may be appearing in your mailbox acknowledging your ...
Feb.5, 2021
Educators can now deduct out-of-pocket expenses for COVID-19 protective items
On February 4, 2021, the IRS announced (Rev. Proc. 2021-15 PDF) that eligible educators can deduct unreimbursed expenses...
Sep.23, 2020
COVID-19 Tax Implications: Working from Home and Collecting Unemployment
COVID-19 has changed our lives in many ways, and some of the changes have tax implications. Here is basic information ab...
Jun.24, 2020
What qualifies as “coronavirus-related distributions” from a retirement plan?
As you may have heard, the Coronavirus Aid, Relief and Economic Security (CARES) Act allows “qualified” people to take c...