As 2020 winds down, it’s time for businesses to take stock of their tax situations and implement year-end tax planning strategies.
Month: October 2020
Unusual year steers year-end tax strategies
Interested in reducing your 2020 tax liability? There’s still time to take these year-end tax planning steps.
There may be relief from tax liability for “innocent spouses”
In some cases, a married couple files a joint tax return and one spouse doesn’t disclose all of his or her income. The IRS goes after the other spouse for payment. But there may be “innocent spouse” relief.