Posts Tagged ‘Tax’

Emerging Tax Alert- The IRS announces that income tax payments due April 15 can be deferred to July 15, regardless of the amount

The IRS and the U.S. Treasury Department have been making a series of announcements to provide tax relief in the wake of the coronavirus (COVID-19) pandemic. After previously announcing that taxpayers could defer making federal

READ MORE

Posted In: Alerts & Advisories

Emerging Tax Alert- What you need to know about the Families First Coronavirus Response Act

President Trump has signed into law the Families First Coronavirus Response Act. Among other things, the new law temporarily requires certain employers to provide expanded paid sick and family leave for employees affected by the

READ MORE

Posted In: Alerts & Advisories

BREAKING: Tax Filing Deadline Extended

U.S. Treasury Department Secretary Steven Mnuchin announced that the 2019 income tax filing deadline will be moved to July 15, 2020 from April 15, 2020, because of the coronavirus (COVID-19) outbreak. At President Trump’s direction,

READ MORE

Posted In: Alerts & Advisories

Tax Alert- 2019 gift tax returns

If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2019 gift tax return. And in some cases, even if it’s

READ MORE

Posted In: Alerts & Advisories

Emerging Tax Alert- The IRS provides guidance on meal and entertainment deductions

The IRS has released proposed regulations addressing the deductibility of meal and entertainment expenses in tax years beginning after December 31, 2017. Among other things, the proposed regulations clear up lingering confusion regarding whether meals

READ MORE

Posted In: Alerts & Advisories

Tax Alert- Home is where the tax breaks might be

If you own a home, the interest you pay on your home mortgage may provide a tax break. However, many people believe that any interest paid on their home mortgage loans and home equity loans

READ MORE

Posted In: Alerts & Advisories

Tax Alert- There still might be time to cut your tax bill with IRAs

If you’re getting ready to file your 2019 tax return, and your tax bill is higher than you’d like, there may still be an opportunity to lower it. If you qualify, you can make a

READ MORE

Posted In: Alerts & Advisories

Emerging Tax Alert- The SECURE Act changes the rules for employers on retirement plans

The Setting Every Community Up for Retirement Enhancement (SECURE) Act is the first significant retirement-related legislation in more than a dozen years. It brings many changes that affect employers of all sizes, including some that

READ MORE

Posted In: Articles

Tax Alert- Can you deduct charitable gifts on your tax return?

Many taxpayers make charitable gifts — because they’re generous and they want to save money on their federal tax bills. But with the tax law changes that went into effect a couple years ago and

READ MORE

Posted In: Alerts & Advisories

Tax Alert- 4 new law changes that may affect your retirement plan

If you save for retirement with an IRA or other plan, you’ll be interested to know that Congress recently passed a law that makes significant modifications to these accounts. The SECURE Act, which was signed

READ MORE

Posted In: Alerts & Advisories