Interested in reducing your 2020 tax liability? There’s still time to take these year-end tax planning steps.
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.
With fall arriving, it’s time for businesses to start thinking about year-end tax strategies. It’s also time to think about the fourth quarter 2020 tax filing deadlines.
Have you lost your job and collecting unemployment? Or are you fortunate to be working from home because of the pandemic? Both of these situations could have tax implications.
If you hold an interest in a business, or may do so in the future, be aware that the CARES Act has made changes to excess business losses.
The IRS has issued guidance on the payroll tax deferral scheduled to begin on September 1. Here’s what it says.