Are you a student, or do you know a student, who has received a higher education grant under the CARES Act? The IRS recently posted FAQs on its website about information-reporting requirements for these...

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The new law extends and improves charitable donation tax breaks. For 2020, individuals who don’t itemize deductions could take up to a $300 above-the-line deduction for cash contributions to qualified charitable organizations. The Consolidated...

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Tax season is rolling up fast, and millions of Americans will be anticipating refunds. As always, the IRS cautions taxpayers not to rely on receiving a refund by a certain date, especially to pay...

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Business owners: You still have a handful of shopping days left to buy tax-deductible supplies. As you know, you can generally write off the ordinary and necessary costs of carrying on a trade or...

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The IRS extends through June 2021 the acceptance of digital signatures and emailed documents. The extension, set to expire on Dec. 31, 2020, was extended in a recent IRS memo to employees. Last March,...

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If you haven’t yet thought about your 2020 taxes, or considered your 2021 tax situation, don’t delay having a conversation with us. There may be actions you can still take before the end of...

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