New Rules on “Covered Period” – Why is timing so important?
This post is focused on timing. Why is timing so important? From a tax-saving standpoint, not every dollar of deduction
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PPP Forgiveness
Although the focus of this post is PPP forgiveness, the loan itself is a great deal. The payment terms are
Forget about “Simple.” It’s VALUE that counts.
Here is a common misconception: if a task is simple, it isn’t valuable. Don’t take this misconception lightly, as it
Tax Carryovers: Do Statutes of Limitations Force You to Live with Your Mistakes?
We have previously discussed the statute of limitations regarding tax audits when the taxpayer applies a net operating loss (NOL) to
Corporate Refund Claims With Minimum Tax Credit Perplex IRS
Corporations have been receiving refunds from carrying back net operating losses, but those taxpayers with alternative minimum tax implications in
Life Insurance Policy Loan: A Tax Nightmare
Bruce Brown fell into the life insurance policy loan trap. Brown, a commercial litigation attorney, purchased a life insurance policy
Payroll Tax Deferral for Federal Employees Prompts Criticism
A government notice indicating that President Trump’s temporary payroll tax deferral will go into effect for federal employees sparked alarm
Practitioners Cheer IRS Guidance on Minimum Distribution Waiver
The IRS served up a list of answers — and some perks — for taxpayers in its latest guidance on
Tax Free Growth with a Roth IRA
Roth IRAs are owned by 19 percent of all U.S. households. If you are younger than age 50, you can
4 Ways to Reduce Taxes on Foreign Earned Income
If you have a client who is an expat working in a foreign country, or if your client is a
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