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15
SEP
2020
Tax implications of working from home and collecting unemployment

Tax implications of working from home and collecting unemployment

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.
14
SEP
2020
2020 Q4 tax calendar: Key deadlines for businesses and other employers

2020 Q4 tax calendar: Key deadlines for businesses and other employers

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.
08
SEP
2020
Employers have questions and concerns about deferring employees’ Social Security taxes

Employers have questions and concerns about deferring employees’ Social Security taxes

The IRS has issued guidance to implement the deferral of the employee share of Social Security tax. But employers still have questions and concerns about whether, and how, to implement the deferral.
07
SEP
2020
Homebuyers: Can you deduct seller-paid points?

Homebuyers: Can you deduct seller-paid points?

In most cases, points a buyer pays in a home sale are a tax deductible interest expense. But what about seller-paid points?
01
SEP
2020
Back-to-school tax breaks on the books

Back-to-school tax breaks on the books

Back to school in the COVID-19 era may mean remote learning for your college student. But parents may be able to take advantage of one of these tax breaks for their education expenses.
31
AUG
2020
5 key points about bonus depreciation

5 key points about bonus depreciation

Depreciating assets involves a complex area of tax law with implications for transactions other than simple asset acquisitions. Here’s a rundown of some important points about 100% bonus depreciation.
25
AUG
2020
Will You Have to Pay Tax on Your Social Security Benefits?

Will You Have to Pay Tax on Your Social Security Benefits?

After paying into Social Security for all your working years, you may be surprised to learn that the benefits may be taxed in retirement. Here are the rules.
18
AUG
2020
What happens if an individual can’t pay taxes

What happens if an individual can’t pay taxes

Tax liabilities don’t go away if left unaddressed. Here’s a look at what happens in the event you (or someone you know) can’t pay taxes on time.
17
AUG
2020
The President’s action to defer payroll taxes: What does it mean for your business?

The President’s action to defer payroll taxes: What does it mean for your business?

You may have heard the President has taken executive action to defer the employee portion of some workers’ Social Security taxes. Here’s a look at the issue.
11
AUG
2020
More parents may owe “nanny tax” this year, due to COVID-19

More parents may owe “nanny tax” this year, due to COVID-19

Do you have a nanny, housekeeper or other household worker? If you pay him or her cash wages of $2,200 in 2020, you must withhold and pay Social Security and Medicare taxes. Learn about this and other tax obligations for household workers.