2021 taxes

What Tax Provisions Expired in 2020?

/
Many tax provisions introduced in the CARES Act were set to expire at the end of 2020. Which lapsed and which were extended?
charitable donation

What the Special $300 Charitable Deduction Means for 2020 Taxes

/
The CARES Act includes a special provision that allows taxpayers to deduct up to $300 in charitable contributions. Learn more about who and what qualifies.
business vehicle

Drive Down Your Taxes with These Vehicle Deductions

/
Car and truck expenses can be confusing on your tax return. What…
COVID-19 and the Home Office Deduction

COVID-19 and the Home Office Deduction

/
Roughly a third of Americans are still working from home because…
Beware the “Dirty Dozen:” Common Tax Scams to Avoid

Beware the “Dirty Dozen:” Common Tax Scams to Avoid

/
In 2020, the IRS released a “Dirty Dozen” of prevalent tax…
Tax-Advantaged Retirement Plan

Is There a “Right” Tax-Advantaged Retirement Plan?

/
There’s no one perfect way to approach retirement that is the…
Medical Benefits on Taxes

How to Make the Most of Medical Benefits on Taxes

/
It's always wise to optimize the tax efficiency of medical benefits.…
Switch Your Structure, Transform Your Taxes

Switch Your Structure, Transform Your Taxes

/
Are you forming a business? Thinking of switching your structure?…
How to Avoid (or Survive) an Audit from the IRS

How to Avoid (or Survive) an Audit from the IRS

/
A tax audit can be the worst nightmare for many business owners.…
Making the Most of C and S Corporations

Making the Most of C and S Corporations

/
Both types of corporations give certain tax benefits, including…
Examining the Delayed Tax Refunds of 2020

Examining the Delayed Tax Refunds of 2020

/
COVID-19 caused a delay in the tax return filing deadline, giving…
Tips to reduce tax on meal and travel

Tips for Deducting Travel Costs and Meal Expenses on Your Taxes

/
Business owners can run into considerable costs when traveling…