Reconstructing Records After a Disaster
If you’re the victim of a major disaster, you might be entitled to government relief. But you will need records to help you prove disaster-related losses for tax purposes, federal …
What does the IRS classify as gig work?
The word “gig” has broadened from its original usage by musicians for an engagement for a performance to now include any type of job that’s temporary or flexible, where you’re …
What is tax-loss harvesting?
Tax-loss harvesting offsets capital gains that result from selling securities at a profit, and it is applicable to taxable investment accounts. If you have, say, $5,000 in capital gains and …
Federal Taxpayer Penalty Guide
Common penalties and obtaining penalty abatement from the IRS. The IRS can assess many types of penalties against taxpayers: late-filing penalties, late-payment penalties, estimated tax penalties, accuracy-related penalties, and the …
Architectural or Design Company Tax Breaks
Over the past several years, Congress has placed a great deal of emphasis on green building and energy-independence initiatives. A valuable initiative for designers, architects and builders is the Energy-Efficient …
The SECURE Act and Other 2020 Tax Changes
The SECURE Act has passed. It changes a number of important retirement plan rules. The act runs over 120 pages, so the experts will be poring over it for some …